Brazil increases coffee exports by 26% in July, to 3.8 million bags

Published 2024년 8월 12일

Tridge summary

Brazilian coffee exports have surged to record levels, with 28.1 million bags shipped in the first seven months of 2024, a 46.3% increase from the same period in 2023. July alone saw a 25.7% rise in shipments, and foreign exchange revenue grew by 47.9%. Arabica coffee remains the most exported type, while canephora coffee exports skyrocketed by 313.7%. The United States, Germany, Belgium, Italy, and Japan are the top buyers, with significant increases in their imports. The UK and the EU also saw substantial growth in their imports, with the UK increasing purchases by 97.2% and the EU by 64.9%. Despite logistical challenges, Brazilian exporters are effectively meeting global demand, including notable increases in shipments to other coffee-producing countries like Ecuador and Vietnam.

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

Original content

Volume increases shipments in 2024 to 28.1 million bags, a new record for shipments made in the first seven months of any year. Brazilian coffee exports totaled 3.774 million 60 kg bags in July of this year, the first month of the 2024/25 harvest, a volume that implies an increase of 25.7% over the 3.002 million bags shipped in the same period of 2023. Foreign exchange revenue was US$ 932.5 million, representing a growth of 47.9% in the same comparative period. The data are part of the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé). In July, canephora coffees (conilon + robusta) maintained the significant performance of previous months by advancing 82.2% in the annual comparison and totaling 900,818 bags, the second largest volume for a month in history, behind only the 902,266 bags of November 2023. Arabica grew 13%, to 2.491 million bags; soluble, with 376,524 bags, grew 26%; and the roasted and roasted and ground segment shipped 5,552 bags, an ...

Source: Cecafe