Friday, July 6, 2007

India's October-June Coffee Exports Drop 15 Percent as Rupee Strengthens

(Bloomberg) -- Coffee sales from India, which makes
up 4.5 percent of global output, fell 15 percent by value in the
October-to-June period after the rupee rose to a nine-year high.

Companies including local units of Switzerland-based Nestle
SA sold $268 million of coffee overseas between Oct. 1 and June
30, from $314 million a year ago, the Coffee Board said on its
Web site. Exports were little changed at 183,637 metric tons.


Read more at Bloomberg Commodities News

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