Soluble coffee exports from Brazil increased by 29% in April

Published 2023년 5월 16일

Tridge summary

In April, Brazil's soluble coffee exports experienced a significant surge, with a 28.7% increase to 324,265 bags of 60 kg compared to the previous year, according to the Brazilian Association of the Soluble Coffee Industry (Abics). This growth is attributed to rising global demand, particularly in China and Japan, and the competitive edge provided by the real's appreciation against the dollar. Despite a 77% drop in shipments to Russia and Ukraine, Brazil's soluble coffee industries have found success in expanding their reach to Mexico, Finland, and Ecuador. The United States remains Brazil's top soluble coffee importer, followed by Argentina, Finland, Japan, and Poland. This trend is anticipated to persist, strengthening the Brazilian economy and reinforcing the country's position as a major coffee producer and exporter.

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

Original content

According to data from the Brazilian Association of the Soluble Coffee Industry (Abics), Brazilian exports of soluble coffee reached the equivalent of 324,265 bags of 60 kg in April, showing growth of 28.7% compared to the 251,994 bags registered in the same month of the last year. The data point to an increase of 42% in the same comparison, with tickets jumping from US$ 42.3 million to the current US$ 60 million. Exports grew around 15% in relation to the same period of the previous year. This increase can be attributed to several factors, including the growing demand for soluble coffee in countries such as China and Japan. Despite the war having reduced shipments of the product to Russia and Ukraine by 77%, Brazilian soluble coffee industries expanded their efforts and business in other nations, highlighting a 2,413% increase in shipments to Mexico , which imported around 17 thousand bags until April; 998.7% to Finland, the third main destination so far; and 721.2% to Ecuador, ...

Source: Agrolink