Brazil expands exports and consumption of soluble coffee in the first half of 2024

Published 2024년 8월 1일

Tridge summary

In the first half of 2024, Brazil achieved a 3.3% increase in soluble coffee exports, reaching 1.915 million 60 kg bags, as reported by the Brazilian Association of the Soluble Coffee Industry (Abics). This growth contributed to a 13.8% increase in revenue, totaling US$402.9 million. The United States, Indonesia, and Russia were the primary importers of Brazil's soluble coffee. Domestically, Brazil saw a 1.2% rise in soluble coffee consumption, totaling 525,797 bags, due to a 95.6% increase in freeze dried coffee.

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Original content

Brazil exported the equivalent of 1.915 million 60 kg bags of soluble coffee in the first half of 2024, a volume that implies growth of 3.3% compared to that sent abroad in the same period last year. The data is contained in a biannual report released by the Brazilian Association of the Soluble Coffee Industry (Abics). Foreign exchange revenue obtained from shipments in the period totaled US$402.9 million, increasing 13.8% over that measured between January and June 2023. "This performance signals the possibility of reaching a new record in value obtained from exports of Brazilian soluble coffees in 2024", projects Aguinaldo Lima, director of Institutional Relations at the entity. With regard to growth in volume, he considers that it reflects the continuous investments in quality and technological innovations by the seven product industries installed in the country, all affiliated to Abics, which, together, have a production capacity of 132 thousand tons and make Brazil the ...

Source: NoticiasAgricolas