Indian robusta prices moved higher at Thursday's Indian Coffee Trade Association auction on firm international prices, while arabica rose on good export interest, traders said on Friday.
The robusta cherry grades fetched 3,812-4,100 rupees per 50 kg bag, compared with 3,711-4,000 rupees the previous auction.
Last week the auction was not held for New Year and Christmas holidays.
"Prices of robusta rose on higher prices in the international markets," a Bangalore-based trader, who did not want to be identified, told Reuters.
London robusta futures ended in the positive territory on Thursday with the March contract closing up $9 at $1,948 a tonne, its highest closing since November.
Robusta is more tolerant to warm conditions than arabica and constitutes about 65 percent of India's coffee output.
There was good export demand for the new arabica crop, which has already started coming from Tamil Nadu, said another trader.
In India, the harvesting starts in December and continues through February.
Auctioneer Carritt Moran said 65 tonnes of coffee was sold. Total quantity on offer was 155 tonnes.
The Coffee Board has lowered its crop forecast for 2007/08 to 262,000 tonnes, from an earlier estimate of 291,000 tonnes, due to heavy rains in major growing regions, resulting in blackrot and stalkrot diseases.
The country produces only 4.5 percent of the world's coffee, but exports 70-80 percent of its output.
Following were the prices quoted for 50 kg bags in rupees.
Grade Average price Volume (kg)
ARABICA PLANTATION
PB 6,823 1,527
MNEB/AA 5,875 4,794
A/AB 5,821 21,751
B 5,350 3,049
C 5,033 3,147
BBB 4,307 179
ARABICA CHERRY
C 4,300 975
ROBUSTA PARCHMENT
PB 4,525 271
ROBUSTA CHERRY
PB 3,935 1,250
RKR/AA 4,100 2,000
A/B/AB 3,954 4,589
C 3,812 4,734
BBB 3,700 1,530
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