The Robusta coffee market in Wayanad district, a major Robusta coffee growing region in the country, witnessed a sudden dip after a prolonged period of high prices, leaving coffee growers in distress.
The farm gate price of Robusta coffee, which had soared to ₹12,000 a bag (54 kg a bag) recently, has now reduced to ₹9,000 a bag, shocking farmers anticipating further increase.
The abrupt dip in the prices has sent ripples of concern among the growers, who had hoped for sustained profitability in the coming days. Trading sources said the sharp fall in the price exacerbated worries of farmers, who had banked on higher returns.
