Approved By: Lazaro Sandoval
FAS Mumbai estimates marketing year (MY) 2020/21 coffee crop (Oct/Sep) to increase by nearly 9 percent to 5.3 million 60-kilogram bags. Moderate pre-blossom showers and adequate soil moisture levels coupled with prospects of a near normal monsoon are expected to improve yields in the primary coffee growing regions. Exports are expected to decline by four percent to 5.26 million 60-kilogram bags as demand in major European markets has been affected by COVID-19, leading to the deferment of existing orders, and limited prospects of new orders due to market uncertainty.
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