The robusta coffee farmers in south India are jubilant post-harvest with their produce fetching an all-time high price.
The farmgate price of raw robusta coffee berries touched a record ₹172 a kg in Wayanad market on Saturday, as against ₹115 a kg during the corresponding period last year. Meanwhile, spot price of robusta coffee beans stood at ₹315 a kg, up from ₹210 during the same period in 2023. The price was ₹80 and ₹145 a kg for raw berries and beans respectively in March 2022.
Though the harvest is almost complete, there has been a huge shortfall in supply of coffee to the market this year, thereby contributing to the increase in coffee prices, says sources.
