Brazil exports a record 47.3 million bags of coffee in the 2023/24 harvest

Published Jul 10, 2024

Tridge summary

In the 2023/24 harvest year, Brazilian coffee exports hit a historic high of 47.3 million 60 kg bags, a 32.7% increase from the previous year, generating a record US$9.826 billion in revenue. This surge was driven by a better harvest and reduced supply from other producers like Indonesia and Vietnam. The Port of Santos handled 68.9% of these exports despite facing capacity issues. Arabica coffee remained the most exported type, with 35.431 million bags, while canephora species saw a significant rise with 8.238 million bags. However, the soluble coffee segment experienced a decline, shipping 3.585 million bags.

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

Original content

Volume implies growth of 33% compared to 2022/23 and 4% over the previous record, in 2020/21; With an increase of 20.7%, foreign exchange revenue also had a historic performance in the cycle, reaching US$ 9.826 billion. Brazilian coffee exports reached the historic volume of 47.300 million 60 kg bags in the 2023/24 harvest year, which implies increase of 32.7% compared to the 35.632 million recorded from July 2022 to June 2023. The current amount, shipped to 120 countries, also represents growth of 3.6% over the previous record, of 45.675 million bags in 2020/21 cycle. The data is part of the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé). An increase of 20.7% was also recorded in foreign exchange revenue obtained from shipments made in the last 12 months ending last June. The value jumped from US$8.142 billion, in the 2022/23 season, to the current US$9.826 billion. This figure is the highest in the history of the survey of Brazilian coffee exports, ...

Source: Cecafe