Indian coffee prices were steady at last week's auction amid muted trading activity in the physical market. "All varieties of coffee on offer received limited enquiry as sellers' price indication was higher than buyers' interest," said auctioneer J. Thomas & Co in a report. Coffee exports eased to 219,114 tonnes from October 1 to June 7, down from 234,054 tonnes in the year-ago period, data from the state-run Coffee Board showed.
India's state-run Coffee Board has cut the country's coffee output estimate to 315,500 tonnes for the crop year to September 2013, down 3 percent from an earlier projection.