Brazilian coffee exports grow 49% in February

Published 2024년 3월 11일

Tridge summary

Brazil's coffee exports in February 2024 saw a significant increase of 48.9% year-on-year, totaling 3.626 million 60 kg bags. This surge also led to a 47.2% increase in revenue, from US$514.3 million to US$757.3 million. The growth is largely due to the high demand for Brazilian conilon and Robusta coffees globally, which experienced a 531.4% increase in exports. Despite this, the industry is grappling with port bottlenecks, particularly at the Port of Santos with a 75% delay rate. The main importers of Brazil's coffee were the United States, Germany, Belgium, Italy, and Japan.

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Original content

Brazil exported 3.626 million 60 kg bags of coffee in February 2024, an increase of 48.9% compared to the same month last year. Foreign exchange revenue also rose 47.2%, from US$514.3 million to US$757.3 million. The data are from the Brazilian Coffee Exporters Council (Cecafé). The positive performance reflects the attractiveness of Brazilian conilon and Robusta coffees on the international market, which registered a 531.4% growth in exports in February. According to the president of Cecafé, Márcio Ferreira, these coffees are more competitive than their competitors and occupying spaces left by crop failures in Vietnam and Indonesia. Despite the good performance, the sector faces bottlenecks at ports, with the rate of delays of ships carrying coffee at the Port of Santos reaching 75% in February. The Port of Santos remains the main exporter of coffee from Brazil, with 72.6% of the total shipped in the first two months. The Rio de ...

Source: CanalRural