The coffeegrowersinKeralaare expecting a goodcropthis year. According to the post-blossom estimate of thecoffeeboard, coffee production in Kerala will go up from 69,100 tonne during coffee year 2020-21 to 70,570 tonne in coffee year 2021-22.
Wayanad accounts for almost all of the coffee production in Kerala with 59,320 tonne expected to be produced during tAhe coffee year 2021-22. Travancore area is expected to produce 8,550 tonne and Nelliampathy is expected to grow 2,700 tonne of coffee during the period.
The International Coffee Organization had noted, In August 2021, coffee prices recorded the tenth consecutive month of increase, sparked by concerns of oversupply, due to Climate adverse conditions in major producing countries and increasing freight costs coupled with Covid-19 lockdown restrictions disrupting trade flows in Asia. Concerns over the size of the next Brazilian crop, exacerbated by the recent frost, have led to record high volatility of the spot and futures prices, ICOs report added.