Insurance scheme may not see an uptick in demand this year too
Despite being badly affected by last year’s unseasonal rainfall, coffee growers in the country are still sceptical about the rainfall insurance scheme for coffee (RISC). “The first phase of receiving insurance applications for this year was held between February 23 and 28. It did not receive a great response as growers are a still a little unsure about the scheme,” said Sudarshan AC, secretary of the Coorg Planters Association.
The Coffee Board had late last year revised the coffee production estimates by 5.6% to 2,76,600 tonne for the current crop year and indications are that a further cut in estimates is expected in the coming days.