Exports of Brazilian coffee reach revenues of US$ 8.1 billion

Published 2023년 7월 13일

Tridge summary

During the period from June 2022 to June 2023, Brazil's coffee exports declined by 10.2% compared to the previous year, totaling 35.626 million bags. However, foreign exchange revenue remained stable at US$ 8.135 billion. The president of the Brazilian Coffee Exporters Council (Cecafé) attributes the decline in Arabica shipments to adverse weather conditions but expects a substantial harvest in 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On the afternoon of last Wednesday (13), the Brazilian Coffee Exporters Council (Cecafé) held a press conference to present data from June 2022 to June 2023. In the period, the country exported 35.626 million 60 kg bags of coffee to 117 countries, which implies a drop of 10.2% compared to the 39.691 million bags registered between July 2021 and June 2022. Foreign exchange revenue totaled US$ 8.135 billion in the current range, remaining practically stable compared to the US$ 8.136 billion reached in the previous cycle. According to Cecafé, this performance was achieved by updating the figures for June this year, when 2.640 million bags were sent abroad (-17.2% compared to Jun/22), which generated US$ 586.8 million (- 21.3%). Thus, in the first half of 2023, coffee shipments from the country reached 16.226 million bags and generated US$ 3.547 billion, showing declines of 18.9% in volume and 23.8% in value. According to the president of Cecafé, Márcio Ferreira, with the entry of the ...
Source: Cafepoint

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