Amid the darkest hour of Coronavirus strike across the globe including India, one good news has recently announced for India’s export industry. As per reports, India’s coffee exports are likely to take a hit in the April-June quarter as orders from Italy, which has been the largest buyer of Indian Coffee and battling a severe outbreak of novel coronavirus these days which takes the lives of at least 4,032 and infected 47,021 people.
Good News for India’s Coffee Industry amid Corona Outbreak
As per reports, Italy has been recorded a fifth of India’s coffee shipments.
Ramesh Rajah, President of the Coffee Exporters Association said, “Order booking has slowed down and exporters are somehow trying to execute the existing orders. The impact will be felt in the April-June quarter”.
Moreover, Italy has been brutally striking by Coronavirus across its land and deal with a severe crisis as normal life has been thrown out of gear after the deadly virus has spread rapidly across the country.
What are the Challenges of India’s Export Industry amid the Corona Strike?
The logistics and shipment ship front has also impacted by the strike of Coronavirus across the globe and it’s the major challenge in these days to combat wi9th economic loss. As per reports, the availability of containers is also going to a concern going ahead.
“Shipping agencies have indicated that there could be a shortage of containers due to the disruption of business in China, from where a lot of containers come,” said Rajah.
Moreover, due to lockdown in different countries, banks and transaction are also in a lockdown mode which indicated problems and delays in payments.
As per reports, some exporters are facing delays in payments from buyers in Italy as banks in that country are not functioning at full capacity, he said.
The reports show that the slowdown in exports is happening at this time of the year when shipments normally the peak. The buying has slowed down triggering concerns among the growers, who have held back their produce as a result of the coronavirus crisis.
On the other hand, Jordan which is among the top 10 buyers of Indian coffees, has asked the Indian exporters to delay their shipments by a few weeks till we get to know the exact situation,” said Rajah.
Livestock Population Has Increased
The population of cattle and goats increased by 74 per cent and 17.65 per cent respectively according to the 20th Livestock census conducted in June 2019, over a period of 10 years. The State government attributed this increase to a programme begun in 2011, wherein milch cows, goat and sheep were distributed free of cost to rural poor women.
