The prices of robusta parchment coffee rose at this week's auction on strong demand from exporters, auctioneer J Thomas & Co said in a statement on Friday. "Robusta parchment coffee continued to receive good support from exporters. Domestic roasters were active on arabica plantation and arabica cherry coffees on offer," the statement said.
Robusta parchment coffee price rose by about 50 to 100 rupees per 50 kg as compared with the previous week. Robusta cherry AB price rose between 50 and 100 rupees per 50 kg, it said. Out of the total 156,768 kg offered for the sale around 55,000 kg were sold at the auction. Indian coffee exports dropped 2 percent year-on-year to 196,496 tonnes in the first seven months of the coffee year that started in October 2011. The country is likely to produce 320,000 tonnes of coffee for the crop year to September, higher than the 302,000 tonnes produced a year ago, the board estimates.