Peruvian coffee exports expected to reach US$ 1.2 billion in 2024

Published 2024년 12월 16일

Tridge summary

In 2024, Peruvian coffee exports experienced significant growth, reaching a historic high of US$ 5.08 per kilogram in October due to global supply concerns in Brazil and Vietnam. The country saw a 16% increase in volume and 25% increase in value compared to the previous year, capitalizing on the uncertainty in Vietnam and Brazil's coffee production. Despite challenges like adverse weather and pests, Peruvian producers have partially met the increased demand, especially from China. However, the future of Brazilian production and its impact on international prices remains uncertain, highlighting the need for Peruvian producers to address their own challenges to maintain market stability and continue meeting demand. Additionally, Peruvian grain exports grew to 54 countries, with the United States as the primary market, and logistics played a crucial role in handling the exported volume.

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

Original content

(Agraria.pe) 2024 was marked by notable volatility in coffee prices, driven by concerns about global supply due to weather problems affecting Brazil and Vietnam, two of the main producers of the bean. During the first months of the year, Peruvian coffee was priced below the high levels of 2023, but from July onwards, this trend changed, reaching a historic peak of US$ 5.08 per kilogram in October. Despite a drop in shipments in November, the annual cumulative (January-November) showed an upward performance, with 240,420 tons exported for US$ 1,035 million, which represented an increase of 16% in volume and 25% in value compared to the previous year. The average price was also 7% higher, trading at US$ 4.30 per kilogram. Until the end of November, in the year-to-date, Peruvian exports managed to partially take advantage of the opportunities generated by the uncertainty of coffee production in Vietnam and Brazil, due to adverse weather conditions. This scenario increased the demand ...

Source: Agraria