Worldwide coffee exports increase by 41% amounting $23.5 billion

World's coffee exports are expected to total $23.5 billion or 102.4 million bags this year as compared to $16.7 billion or 96.8 million bags in 2011, indicating a 41% increase, reported International Coffee Organisation. Coffee is the second most traded commodity after oil in the world. Coffee futures for delivery in March traded at USD2,192 a pound on the Inter Continental Exchange, easing down by 0.3%.