Indian coffee prices were steady at an auction conducted last week as activity was limited due to financial year-end. Only 32,000 kilograms were sold out of the 197,477 kilograms offered for sale. Of the total offer, arabica coffee constituted 93,178 kilograms and robusta coffee 104,299 kilograms. Arabica Plantation PB grade and Robusta Parchment PB grade were sold at prices similar to last sales date.
India’s state-run Coffee Board has cut the country’s coffee output estimates to 315,500 tonnes for the crop year to September 2013, down 3 percent from an earlier projection. Copyright Reuters, 2013