Brazilian coffee exports soar in May, while Vietnamese exports decline sharply

Published 2024년 6월 17일

Tridge summary

In May, Brazil's coffee shipments soared to 4.39 million sacks, a 79.6% increase from the previous year, with green coffee exports up by 90.2%. The growth in Arabica and Conilon varieties has solidified Brazil's role as a major global coffee supplier, especially as exports from Southeast Asia, notably Vietnam, have decreased. The high demand for Robusta and reduced supply from other regions have bolstered coffee prices. Additionally, macroeconomic factors like the Federal Reserve's interest rate decisions could impact commodity prices soon.

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

Original content

Total shipments (green, roasted and soluble coffee) last month were 4.39 M scs, an increase of 79.6% compared to 2023 and 3.2% compared to April/24. “Green coffee exports rose even further: 90.2% more compared to the previous year, to 4.03 M scs. Of these, arabica accounted for 3.16 M scs, while conilon accounted for 868 thousand scs, 59.1% and 559% (or 7 times) above May/23, respectively. In relation to April/24, Arabica showed a slight drop of 2.5%, while Robusta rose 26.7%. The increase in global demand for Robusta has been a key factor in the subsequent growth in exports in recent months”, says Laleska Moda, Coffee analyst at Hedgepoint Global Markets. May shipments were also responsible for generating the highest monthly revenue in Cecafe's entire historical series, with US$1.017 billion. The Council highlights that, with just one month left until the end of the 23/24 commercial season (Jul-Jun), exports are just 2 M scs away from breaking the 20/21 harvest record (45.7 M ...

Source: Portal Do Agronegocio