Coffee exports from Brazil fall 33% in February, to 2.4 million bags

According to data from the monthly statistical report by the Brazilian Coffee Exporters Council (Cecafé), national shipments of the product, in February 2023, totaled 2.396 million 60 kg bags, generating foreign exchange revenue of US$ 505.9 million. The performance implies drops of 33.3% in volume and 38.5% in billing compared to the second month of last year, as the average price per bag, of US$ 211.13, retreats 7.9% in same interval. In the first eight months of the 2022/23 crop year, Brazil accumulates exports of 24.621 million bags, a volume 7.7% lower than that shipped abroad from July 2021 to February 2022. is positive, at 13% in the same comparison, with income reaching US$ 5.704 billion, with the scenario reflecting the high prices of the product in these eight months of the 2021/22 cycle. In January and February of this year, Brazilian coffee shipments abroad showed a decline of 25.4%, from 7.008 million, in the first two months of 2022, to the current 5.226 million ...