Brazil exports 2.5 million bags of coffee in July, revenue reaches US$ 583.7 million

Published 2022년 8월 9일

Tridge summary

Brazil's coffee exports in July 2022 saw a 15% drop but revenue surged by 40% year-on-year, according to the Council of Coffee Exporters of Brazil (Cecafé). The increase in revenue is attributed to high internal and external prices, favorable exchange rate, and the competence of logistics professionals in handling high freight costs and container shortages. Despite logistical challenges and global uncertainties, the first seven months of the 2022/23 crop year saw a record foreign exchange revenue of US$ 5.231 billion, a 62.4% increase from the previous year. The United States was the leading importer of Brazilian coffee, followed by Germany, Belgium, Italy, and Japan. Arabica coffee was the most exported variety, accounting for 86.0% of total exports, while differentiated coffees, with superior quality or sustainable practices, made up 17.4% of total exports.

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

Original content

Volume implies a 15% drop, but the value is 40% higher compared to the same month in 2021 Brazilian coffee exports totaled 2.476 million 60 kg bags in July, the first month of the 2022/23 crop year, a volume that implies a decline of 14.9% compared to the 2.909 million registered in the same month of 2021. In revenue, remittances generated US$ 583.7 million, an increase of 40.3% in the same comparison. The data are part of the monthly statistical report of the Council of Coffee Exporters of Brazil (Cecafé). The entity's president, Günter Häusler, assesses that the performance in July reflects the continuity of logistical bottlenecks and the heated demand of the national industry for robustas and conilons. “Brazilian manufacturers of roasted and ground coffee and soluble coffee have maintained strong demand for canephora in their blends, and we cannot forget that, despite a slight improvement, obstacles to global maritime trade still persist”, he comments. Recalling that the entry ...

Source: Cecafe