Brazilian canephora exports record second-highest monthly volume in history

Published 2024년 8월 12일

Tridge summary

In July 2024, Brazilian coffee exports achieved significant milestones, with canephora (conilon + robusta) reaching the second highest monthly volume in history at 900,818 bags, marking an 82.2% increase from the previous year. Total exports for the month were 3.774 million bags, a 25.7% rise from July 2023. From January to July 2024, Brazil exported a record 28.146 million bags, a 46.3% increase from the same period in 2023, generating US$ 6.277 billion in revenue, a 50% increase. The United States was the largest importer, followed by Germany, Belgium, Italy, and Japan. Exports to the European Union, which accounted for 47.3% of total exports, grew by 64.9% ahead of the European Union Regulation for Deforestation-Free Products (EUDR) set to take effect in January 2025.

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

Original content

On Monday (12), the Brazilian Coffee Exporters Council (Cecafé) announced that, in July of this year, exports of canephora (conilon + robusta) recorded the second highest monthly volume in history, with 900,818 bags (+82.2% in the annual comparison). The volume is second only to November 2023, when 902,266 bags of the species were shipped. Brazil's total exports in July, the first month of the 2024/25 harvest, were 3.774 million bags (60 kg). This volume implies a growth of 25.7% compared to the same period in 2023, when 3.002 million bags were shipped. In addition to canephora (comprising the total is arabica), which grew 13%, to 2.491 million bags; soluble coffee, with 376,524 bags (+26%); and roasted and roasted and ground, with 5,552 bags (+47%). Brazilian coffee exports totaled 28.146 million bags (accumulated from January to the end of July 2024), a record volume for the period, with an increase of 46.3% compared to the same period last year. As for foreign exchange revenue, ...

Source: Cafepoint