Global coffee exports have seen a major jump in the first six months of the current crop year. According to International Coffee Organisation, coffee exports rose 18 per cent in the period, led by an increase in robusta bean shipments from Vietnam.

Exports were 48.5 million bags from October through March, compared with 40.98 million bags (60 kg a bag) a year earlier, ICO said.

The report added that robusta shipments jumped 28 per cent while arabica bean exports gained 13 per cent. The boost in shipments has cut inventories in exporting countries, with Brazil, the world's biggest coffee producer, forecasting a 23 per cent decline in opening stockpiles at the start of next crop season.

Given a supply situation characterised by a low level of world stocks, there is likely to be a shortfall of 6-8 million bags in world production relative to consumption this year, which may cause a price of the commodity.