Brazil breaks record for coffee exports in the 2023/24 harvest

Published 2024년 7월 16일

Tridge summary

In the 2023/24 coffee harvest, Brazil achieved a milestone by exporting 47.3 million bags, marking a 32.7% increase from the previous year and surpassing the previous record. The country shipped to 120 countries, generating revenue of US$9.826 billion, the highest since 1990. The Port of Santos was the main hub for these exports, handling 68.9% of the total. Arabica coffee was the most exported variety, followed by canephora, with a significant increase. Instant and roasted products saw a slight decrease. The top buyers included the United States, Germany, and Belgium, with the European Union also increasing its purchases. Differentiated coffees, with sustainable certifications, made up 18.6% of total exports, showing a 45.4% growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 2023/24 harvest, Brazil reached a significant milestone by exporting 47.3 million bags of 60 kg coffee, representing a growth of 32.7% compared to 35.6 million bags in the previous cycle (2022/23 ). This result also exceeds the previous record, set in 2020/21, by 3.6%, according to the monthly report from the Brazilian Coffee Exporters Council (Cecafé). The volume was sent to 120 countries, demonstrating the strength of national production. In addition to the record volume, foreign exchange revenue from exports also had a historic performance, reaching US$9.826 billion, an increase of 20.7% compared to US$8.142 billion in the previous harvest. This is the highest value recorded since measurements began in 1990. The month of June stood out with 3.573 million bags exported, the highest volume ever recorded for this period, resulting in revenue of US$851.4 million, another record for the month. In the first six months of 2024, shipments totaled 24.286 million bags, generating ...

Source: Portal Do Agronegocio