Brazil exports 42% less coffee in February, points out Secex

Published 2023년 3월 1일

Tridge summary

Brazil's coffee exports saw a significant decrease of 42% in February, with shipments totaling 2,040 million bags, a marked decline from the 3,471 million bags exported in the same period last year, as reported by the Foreign Trade Secretariat (Secex). This decrease is attributed to the shorter month and the Carnival holiday. The revenue from these exports also fell to US$ 434,301.7 from US$ 828,171.6 in February of the previous year. The global coffee market is currently experiencing volatility due to fluctuating production estimates, with Brazil, a key producer, facing weather challenges for the past three years. The reduction in Brazil's shipment numbers is anticipated to provide support to price levels until the arrival of the new Brazilian crop.

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

Original content

Amid the uncertainties of the global supply of coffee and a lot of volatility for prices, data from the Foreign Trade Secretariat (Secex) indicated this Wednesday (1) that Brazil exported 42% less coffee in February, with shipments of 2,040 million bags. In the same period in 2022, the country shipped 3,471 million bags. The lower volume was already expected by the market, considering the shorter month and also the Carnival holiday. Even so, the volume should draw attention since it was below 2.5 million bags. In terms of revenue, the amount last month was US$ 434,301.7 against US$ 828,171.6 recorded last year. The coffee market is experiencing a moment of great volatility, with some sessions of opportunities, but with stalled deals. On the one hand, there is the narrative that production estimates have a very large difference, which ends up generating some caution on the part of the buyer. While on the other hand, the producer also continues to operate cautiously, only as much as ...

Source: NoticiasAgricolas