Over the past few days, raw coffee prices have increased, bringing some respite to struggling growers. As a result, rather than selling their beans “outright,” the bulk of growers are turning to “consignment sales.”Growers are holding their products with coffee curers through consignment sales in anticipation of future price increases. Stakeholders claimed that the crop…
The Coffee Board reduced its most recent post-monsoon estimate of the amount of the coffee crop for the 2022–23 season (October 2022–September 2023) to 3.6 lakh tonnes (lt). This is roughly 8.36% less than its previous projections of a record 3.93 lt. This is mostly because excessive monsoon rains in Karnataka, the State with the…
As prices fluctuate during the current harvest, struggling coffee growers believe that now is the ideal time for the Center to strengthen the only multi-state co-operative Coffee Marketing Co-operative Ltd (COMARK) by providing financial support to the growers’ organization to engage in market intervention activities. Farm gate coffee prices have decreased by approximately a fifth…
