January 24, 2024Business Desk

The coffee exports set to surge due to global price rally 

The coffee export landscape is primed for a potential upswing in 2024, fueled by a surge in global prices that's enticing European buyers to pay premium prices.

Source: Pexels

The robusta coffee variety is currently hovering near its highest value in over 15 years, partly due to expectations of reduced production in Vietnam.

Source: Pexels

Despite robust export demand, traders await increased supplies, which could potentially alleviate local prices, according to the dealer.

Source: Pexels

Rising input expenses and wages are straining their earnings, a challenge that necessitates attention for equitable growth in the sector.

Source: Pexels

State-run Coffee Board estimates a potential production increase to 3,74,200 tonnes in the ongoing 2023–24 season.

Source: Pexels