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Arabica coffee price touches all-time high
Arabica coffee price touches all-time high
The Arabica Parchment coffee price has soared to an all-time high of Rs 16,200 per 50-kg bag on Thursday, in Somwarpet and Chikamagalur markets.
Madikeri: The Arabica Parchment coffee price has soared to an all-time high of Rs 16,200 per 50-kg bag on Thursday, in Somwarpet and Chikamagalur markets. A large-scale destruction caused by snowfall to the similar coffee variety in Brazil, the largest producer of the crop, has come as a blessing in disguise for the growers here.
According to traders, normally, this coffee variety commands a price of Rs 10,500 to 11,500. Similarly, the cost of Robusta Parchment has touched Rs 7,600 per bag. The last time when Arabica coffee reached the highest price was in 2014 when it sold at Rs 9,600-Rs 9,800 per bag. The price saw a downward trend and touched Rs 6,000.
The prices of Arabica Cherry and Robusta Cherry have seen a marginal rise in price. They command a price of Rs 7,500-7,600 and Rs 3,800-Rs 4,100 per bag respectively. Growers in Kodagu, Chikkamagaluru and Hassan are elated over rise in the prices of coffee, despite problems of shortage.
Coffee was bought and exported by the government through the Coffee Board before growers were allowed to sell their produce directly in the open market since 1992, following protests by them.
December to April is the time for coffee harvesting and 90 percent of growers sell the produce before the beginning of the rainy season due to the price fluctuations and lack of warehousing facilities. The total annual coffee production in the country is approximately 3.6 lakh tonnes. Most of the Arabica growers have already sold their produce.
Speaking to The Hans India, a coffee exporter and promoter of AWIT Innovations (P) Ltd in Kushalnagar, Rajiv Kushalappa said that the price fluctuations are likely to increase in the near future due to prevailing international market conditions. According to him, the rise in the price was fallout of crop loss in Brazil following heavy snowfall. Ratan Machaiah, a coffee grower in Gonicoppa, said that the cost of production of coffee has increased significantly in recent years and growers are in a distress.
The wages of labourers, cost of fertilisers, pesticides, etc., have doubled over the past decade, but the price remains the same. The growers are gambling on unpredictable climatic conditions year after year. He has urged the government to support the growers by announcing a special package.
