ICO: Coffee import and export in May decreased slightly

Published 2020년 7월 5일

Tridge summary

Global coffee exports in May decreased by 14.6% to 10.49 million bags and in the first 8 months decreased by 4.7% to 87.96 million bags. Exports from all countries, including Colombia and Brazil, decreased, but Ethiopian exports increased. Imports by ICO and US members accounted for about 75% of global imports, with decreases from the EU and US, but increases from the Russian Federation and Switzerland. Brazil is the largest coffee exporter to the EU, accounting for 20% of total imports. In the US, imports from Brazil and Colombia accounted for 53.6% of total imports. Japan imported mainly from Brazil, Vietnam, and Colombia in the first half of the year, with increases in imports from Colombia and Ethiopia. Nearly 90% of Japan's total imports are green coffee.

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

Original content

Global coffee exports in May decreased by 14.6% to 10.49 million bags and in the first 8 months dropped by 4.7% to 87.96 million bags. In the first half of the year, imports of ICO members and the US reached 64.22 million bags, 3.7% lower than the same period. Global coffee exports in May decreased by 14.6% to 10.49 million bags as exports from all countries decreased. However, this is the third highest export volume in May and followed a record high last year. Export of arabica coffee decreased by 19.7% to 6.43 million bags, of which Colombian shipments decreased by 13.4% to 999,000 bags. Brazil's exports fell 25.7% to 2.82 million bags. Green arabica shipments dropped 27.3% to 2.2 million bags, reflecting the biennial production cycle of the 2019-2020 crop. However, Ethiopian exports increased by 7.8% to 381,000. sack. Compared to May 2019, exports from the remaining countries decreased by 14.4% to 2.61 million as the volume of the five largest exporters decreased, notably that ...

Source: Vietnambiz