‘Local growers yet to savour rising global coffee prices’
The Hindu
Govt. intervention sought to check cartels, say trade sources
With only a few weeks remaining for the coffee harvest to begin, a disparity in the prices of Robusta coffee in the international market and India has become a major cause for concern among growers in South India.
Though the price of coffee in India is usually based on international markets, especially the London market, a proportionate increase in the price of the produce overseas is yet to get reflected in the local market, according to trade sources.
While the price of Robusta coffee rose by about $70 a ton in the international market, the Indian market was yet to reflect the increase. According to Coffee Board data, the price of the produce (AB grade) in the international market was ₹165 a kg on October 29 but the growers here were getting only ₹140 a kg.
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