After the recent drop in international prices, coffee growers and traders in India are adopting a ?wait and watch? policy, expecting a price rise

After the recent drop in international prices, coffee growers and

traders in India are adopting a ?wait and watch? policy, expecting a
price
rise

after the monsoon local media report.



?Coffee prices in the international bourses have witnessed substantial

downward correction in the last two weeks. Post-correction, Indian
planters

are less inclined to sell their produce to international buyers and
want to
wait

till the post-monsoon period,? said Ramesh Rajah, president, Coffee
Exporters Association.
Rajah said Indian exporters will go slow on exports due to the ongoing

harvesting season in Brazil.



?Prices of arabica and robusta have seen significant correction in the
recent

past. However, Indian planters are less affected, as more than 80 per
cent
of arabica and 60 per cent of robusta have already been trans-shipped
during
the first four months this year,? said Sahadev Balakrishna, chairman
of
Karnataka Planters Association.
.

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