New Delhi, July 23 -- Packaged food and beverage maker Tata Consumer Products Ltd (TCPL) on Wednesday said that coffee prices are currently on a downward trajectory, though ongoing volatility necessitates close monitoring following a period of significant surge.

In the March quarter, TCPL had noted that prices of Arabica coffee were 97% higher year-on-year, while Robusta coffee prices were up 56%.

Prices of Arabica and Robusta- types of coffee beans-have moderated significantly, yet remain volatile, according to the company's investor presentation released Wednesday.

"The issue with falling coffee prices is your trailing inventory, that is the whole catch, because you're sitting with inventory and selling it at a lower price. It will s...