Coffee consumption in Brazil rises 1.1% and revenue soars with prices, says Abic

Published 2025년 2월 5일

Tridge summary

Brazil's coffee consumption increased by 1.1% from November 2023 to October 2024, reaching 21.9 million bags, as reported by the Brazilian Coffee Industry Association (Abic). This increase is due to higher prices following a failed harvest, leading to a 60% rise in domestic revenue for the roasted product industry. The average retail price of specialty and gourmet coffees also saw significant increases of 9.80% and 16.17% respectively. Despite this, Abic notes that the increase in retail prices has not yet reached the level of the increase in raw material costs. Brazil's per capita coffee consumption is higher than that of the USA.

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

Original content

By Roberto Samora SÃO PAULO (Reuters) - Coffee consumption in Brazil from November 2023 to October 2024 increased 1.1% compared to the same period last year, amid higher prices for the product on supermarket shelves after a failed harvest in the country, according to data from the Brazilian Coffee Industry Association (Abic), released on Wednesday. Brazil, the world's largest producer and exporter and the world's second-largest consumer of coffee, consumed 21.9 million bags (equivalent), versus 21.68 million bags from November 2022 to October 2023, with the roasted product industry in the country registering a jump of more than 60% in domestic revenue amid higher prices, according to Abic. The consumption volume represents 40.4% of the country's 2024 harvest, estimated by the National Supply Company (Conab) at 54.21 million bags, while in the previous period the total consumed represented 39.4% of the official harvest forecast, according to Abic. Although coffee harvest ...

Source: NoticiasAgricolas