Bengaluru: Karnataka, which accounts for over 70% of India’s coffee production, is poised for what could be its most favourable harvest in years, possibly surpassing even the record-setting export seasons of the past three years.
This year’s flowering has been the most ideal in recent times, thanks to precisely timed blossom and backing showers, The New Indian Express quoted officials from the Coffee Board as saying. They added that well-distributed rainfall in the coming months could lead to robust yields, improved bean quality, and stable prices.
“This year’s pre-monsoon conditions have been perfect — better than even the record-setting years we’ve just had,” TNIE quoted a senior official from the Coffee Board as saying. The official added that early stages of the crop cycle, especially flowering and fruit development, have gone very well so far.
Offering insight into current trends, Shivalinga Kamath from Coorg Coffee Growers mentioned that further price increases are unlikely. “Prices have already reached a historic high. It’s unrealistic to expect another jump. But even if they stabilise at current levels, that’s a good return,” TNIE quoted him as saying.
He pointed out that prices have already increased by about 200% at retail level. “Too much increase will push consumers away from coffee, and even if prices drop later, people won’t necessarily return to it. That’s not good for the long-term health of the value chain,” Kamath explained.
Kamath also mentioned about the global factors that could influence market dynamics. A strong output from Brazil, the world’s largest coffee producer, could lead to a sharp drop in global prices. If demand has already waned due to previous high prices, the resulting losses for producers could be difficult to recover.
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Chennai (PTI): In his maiden government, Tamil Nadu Chief Minister C Joseph Vijay will handle key portfolios including police, general administration and welfare of women, youth and children, while veteran leader K A Sengottaiyan has been designated as the Finance Minister, the Lok Bhavan said on Saturday.
By keeping Home for himself, Vijay continues the trend of Chief Ministers in TN retaining the important portfolio with themselves.
The portfolios for all the 10 ministers, including Vijay, were approved by Governor Rajendra Viswanath Arlekar as per the recommendation of the chief minister, a Tamil Nadu Lok Bhavan press release said.
The portfolio allocations came a week after the council of ministers led by Vijay was sworn in on May 10.
According to the Lok Bhavan, Vijay will handle public, general administration, police, women and youth welfare, welfare of children, aged, differently abled persons, municipal administration and urban and water supply.
N Anand was designated minister for rural development and water resources. Aadhav Arjuna will take care of public works (buildings, highways and minor ports) and sports development. Dr K G Arunraj will be the minister for health, medical education and family welfare, the release said.
P Venkataramanan has been allocated Food and Civil Supplies, while R Nirmalkumar will handle Energy Resources and Law.
Rajmohan shall be the Minister for School Education, Tamil Development, Information and Publicity.
Dr TK Prabhu will handle the portfolios of Natural Resources, Minerals and Mines and S Keerthana will be the minister for industries, the release added.
LOK BHAVAN, TAMIL NADU - PRESS RELEASE
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The Hon’ble Governor of Tamil Nadu has approved the allocation of portfolios among the Council of Ministers. The Hon’ble Chief Minister of Tamil Nadu has recommended to the Hon’ble Governor of Tamil Nadu, the portfolios and subject… pic.twitter.com/YlyZ5asEW8
