Soluble coffee exports from Brazil continue to grow despite the COVID-19 pandemic

Published 2020년 6월 5일

Tridge summary

Despite the COVID-19 pandemic, Brazil's soluble coffee segment experienced positive growth in the first four months of 2020. Exports to 87 countries increased by 7.3% to 1.329 million 60 kg bags, with the United States as the main importer. Domestic consumption also rose by 19% to 298 thousand 60 kg bags. Although foreign exchange revenue was only 0.5% higher than the previous year, the soluble coffee market in Brazil is expected to continue this positive trend throughout the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

However, the value obtained of US $ 181.4 million with the foreign exchange revenue generated in the first four months of this year was only 0.5% higher than the revenue generated from exports in the same period of 2019 Despite the pandemic of COVID-19 and its respective impacts on the global economy, in various sectors, which are also caused by the social distance adopted in several countries, Brazil's soluble coffee segment had a positive performance in the first four months of 2020, maintaining the growth path of the volume of exports and increased consumption in the domestic market, when compared to the performance of the first four months of last year. Thus, in the period from January to April 2020, Brazil exported soluble coffee to 87 countries, which generated the shipment equivalent to 1.329 million 60 kg bags, a volume 7.3% higher than exports in the same period last year, when the equivalent of 1.239 million bags was shipped. However, the value obtained of US $ 181.4 ...
Source: Noticias

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