Brazil's coffee exports hit record 46.4 million bags this year

Published 2024년 12월 9일

Tridge summary

Brazilian coffee exports have reached a record high of 46.399 million bags between January and November 2024, generating US$ 11.302 billion in revenue, a 22.3% increase from the previous record in 2022. This growth is despite challenges such as port logistics issues, which have cost exporters an estimated R$30.4 million in additional costs. The United States, Germany, Belgium, Italy, and Japan are the main importers of Brazilian coffee, with the United States importing 16% of all exports. Other producing countries like Mexico, Vietnam, and India have also increased their purchases of Brazilian green coffee.

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

Original content

Even facing constant problems in port logistics, exporters seek alternatives and bear millions in losses to honor commitments with international customers. According to the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé), the country exported 4.662 million 60 kg bags of the product in November, which implies an increase of 5.4% compared to the 4.422 million bags shipped in the same month of 2023. In foreign exchange revenue, growth is 62.7%, with inflows jumping from US$ 825.7 million to the current US$ 1.343 billion in the same comparative period. In the first five months of the 2024/25 crop year, Brazil's coffee shipments abroad rose to 22.017 million bags and generated US$ 5.955 billion, representing increases of 16.5% and 61.4%, respectively, compared to the performance recorded between July and the end of November 2023. CIVIL YEAR With December still to go until the end of 2024, Brazilian coffee exports have already reached an annual record of ...

Source: Cecafe