India coffee output outlook cut to 380,000 tons
In short
India’s Coffee Board lowered its coffee output forecast for the fiscal year ending in March to about 380,000 metric tons. That is below the earlier estimate of more than 400,000 tons, after weak monsoon rains.
This matters to growers, traders and exporters because lower crop output can affect supply and prices.
What the reporting says
India’s Coffee Board cut its coffee production outlook for the fiscal year ending in March to about 380,000 metric tons after insufficient monsoon rains. The revised estimate is down from the previous forecast of over 400,000 tons.
Why it matters
India’s Coffee Board cut its coffee production outlook for the fiscal year ending in March to about 380,000 metric tons after below-normal monsoon rains. The revised estimate is below the earlier forecast of over 400,000 tons, pointing to a weaker crop outlook.