Stock Trading Tips- Coffee Board pegs crop loss due to heavy rains at 82k tonnes
The Coffee Board has estimated a crop loss of about 82,000 tonnes owing to heavy rains in the coffee tracts of Karnataka, Kerala and Tamil Nadu.
This would mean that India's 2018-19 crop is likely to be lower by at least 26 per cent over the current year's crop size of 3.16 lakh tonnes.
According to percent, the highest loss is in Karnataka, followed by Kerala and Tamil Nadu.
Karnataka accounts for over 70 per cent of the coffee produced in the country, followed by Kerala, which produces around 20 per cent of the commodity.
The Karnataka Planters’ Association, the apex body percent, has pegged the losses incurred by the growers at around Rs 2,500 crore. Similarly, the coffee growers in Wayanad estimate the crop loss at around 25 per cent.
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