A Global Jolt
In the complex world of coffee production, India emerges as a leading coffee producer. And, it also ranks first among Latin American countries. Yet, the financial year 2022-23 saw a global shakeup in the coffee trade. It is due to the courtesy of climate change impacting production.
Climate Influences Of El Nino and La Nina
As temperatures rose El Nino and La Nina played their parts. Due to this coffee production experienced drastic changes. The repercussions were global, leading to a shortage of coffee in the global trade. The ripple effect extended to Indian coffee, influencing its movement in the market.
According to experts, a special temperature is crucial for coffee cultivation. But the amount of sunlight and moisture should be normal. Thus, translating to increased income for coffee producers. The ideal atmosphere for coffee production thrives in Latin American countries. Thus it is the world’s coffee belt.
The Impact on the Americas
Unfortunately, the winds of climate change didn’t favour the American countries. Thus, affecting coffee cultivation in the financial year 2022-23. This disturbance echoed throughout the world creating a shift in trade. According to experts, it left its mark on Indian coffee.
Indian Coffee’s Rise
Due to the global coffee shortage, Indian coffee is a strong contender. This shift in trade will likely elevate a 10 per cent increase in exports. European buyers grappling with the shortage are buying Indian coffee at current prices.
Robusta and Global Demand
India, known for its robusta beans in instant coffee, is the eighth-largest coffee-producing nation. India known as a tea cultivator also exports three-fourths of its coffee production. The critical importers are Italy, Germany, and Belgium. The Coffee Exporters Association of India anticipates a 10 per cent surge in coffee exports. And the robusta beans command exceptional demand.
The Indian Advantage
With its robusta beans, India finds itself in a favourable position due to diminished production. The scarcity-driven high prices in the global market present an opportune moment for Indian coffee to secure a strong preference.
Conclusion
As the world grapples with a coffee shortage, India’s robusta beans stand tall. It offers a robust and flavorful solution to the global coffee demand.
Import/Export Statistics
Please click to reach our marketplace