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Virtual coffee fest - The Hindu
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MPs urged to help coffee growers
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As coffee prices slip, growers turn jittery
April 19, 2021
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Exporters, traders attribute current fall in prices to international market trend, withdrawal of export incentives; falling rupee only positive
The reversal in coffee price trend has left growers worried in key producing states such as Karnataka and Kerala as they complete the harvest and gear up to start operations such as pruning and manuring for the next season.
Farm gate coffee prices in Karnataka have dropped by 6-7 per cent over the past four months, even as global prices have turned volatile during this period. Arabica May 21 futures on ICE have risen to 132 cents per pound last week, from about 128 cents in early April. Similarly, Robusta May 21 futures on LIFFE are hovering around $1,365 a tonne, up from $1,350 in early April.
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In Kerala the pineapple sector is reported to be worst-hit with more than 50% workers headed back home The surge in the second Covid-19 wave is likely to aggravate labour scarcity in the coffee- and rubber-producing regions of Karnataka and Kerala as rising infections and curbs imposed by various States is likely to impact the return of migrant labour from States such as Assam and West Bengal.
Workers from Assam, Chhattisgarh and Bengal, who account for close to half of the workers in Karnataka coffee estates, have gone home to cast their votes in the Assembly elections.Around five lakh workers are estimated to be employed in Karnataka’s coffee sector. Most of the workers left for their home States in early March and the shortage of labourers is being felt during the coffee and pepper harvest this year, growers said.
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