Brazilian soluble coffee exports reach 1.9 million bags in the 1st half

Published 2022년 7월 15일

Tridge summary

Brazil's soluble coffee exports in the first half of 2022 saw a decrease in volume but a significant increase in revenue, largely due to the logistical crisis and the conflict between Russia and Ukraine. Despite this, Brazil managed to expand its sales to 24 other markets, including Myanmar, Canada, the UK, and Colombia. The performance of Chinese imports of Brazilian soluble coffees also showed a notable increase. The consumption of soluble coffee in Brazil slightly advanced by 0.2%. This performance is attributed to the actions of the Brazilian Association of the Industry of Soluble Coffee (Abics) and the variety of products offered by the industries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

National exports of soluble coffee totaled 1.873 million bags of 60 kg in the first half of this year, with revenue of US$ 323.5 million. In comparison with the data recorded between January and the end of June 2021, the current performance represents a drop of 2.2% in volume, but an increase of 34.6% in value, according to the statistical report of the Brazilian Association of the Industry of Soluble Coffee (Abics). In a note released this Friday (15), the director of Institutional Relations of the entity, Aguinaldo Lima, says that the performance so far surprises, mainly in terms of volume, which has slightly retreated from expectations. “The result measured in the first half is interesting given the logistical crisis in global maritime trade and the more than four months of conflict between Russia and Ukraine.” “In the first half of the year, the war caused Russian and Ukrainian soluble coffee imports from Brazil to fall, together, by almost 126,000 bags, potentiating an ...
Source: Agroemdia

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