Brazil exports 3 million bags of coffee in July; 19% increase compared to 2022

Published Aug 9, 2023

Tridge summary

Brazil's coffee exports in July 2023 increased by 18.7% in volume and 5.2% in revenue compared to the same period last year, with conilon and robusta varieties seeing a substantial leap of 245.4%. However, overall coffee shipments from Brazil remain negative for the year due to lower availability of the product and declining international market prices. The United States continues to be the main importer of Brazilian coffee, followed by Germany, Italy, Japan, and Belgium.

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

Original content

In exchange revenue, performance was 5% higher than last month, with shipments yielding US$ 628 million Brazil exported 2.991 million 60 kg bags of coffee in July this year, the first month of the 2023/24 harvest, a volume that implies growth of 18.7% in relation to the 2.521 million registered in the same previous period. In revenue, the evolution was 5.2%, with the inflow of foreign currency jumping from US$ 596.9 million, in July last year, to the current US$ 627.8 million. The data are from the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé). The president of the entity, Márcio Ferreira, reports that, with competitive differentials in the face of the global market and national availability of supply, exports of canephor coffees (conilon + robusta) took a substantial leap of 245.4% last month compared to July 2022 , to 505,153 bags, standing out as the best result for this variety for a single month since September 2020. In the accumulated result ...

Source: Cecafe