Coffee has been the go-to drink for people across the globe and also for the state of Telangana as the people staying home craved coffee more than ever. A state with no coffee plantation and dependent on exports had no days off as the hot and aromatic beverage requirement rose to a new level.
The Financial year of 2021 saw a significant growth of coffee to 54% taking the revenue to a reasonable $20million, getting past $13 million from FY20. In their latest report, Drip Capital Trade Inc, a global trade finance company, showed that Telangana's coffee numbers were better than the whole country. This is because the demand was higher, which was opposite the rest of the country.
The bigger data from the Directorate General of Foreign Trade showed that India exported $720 million worth of coffee this year compared to the $739 million in FY20. The state made the jump in exports in just a year due to its exports of instant coffee to West Africa that suddenly rose to $6million from $2million in 2020. The pandemic has been the biggest reason for the country's numbers to drop.
A country that is the world's 10th largest exporter of coffee has seen a drop in the dollar value of coffee. Environmental changes have only made it harder for a delayed production along with a drop in the value-added process of the processing of coffee. As pandemic kept people at home, the demand for coffee in the F&B industry and organizational spaces also dropped as people had to drink their coffee at home and the fear of the virus still keeps them at home even post a decline of cases.