News

Peruvian coffee exports totaled 45,600 MT for $148 million in the first quarter

Published May 27, 2024

Tridge summary

In the first quarter of 2024, Peruvian coffee exports saw a significant increase, with a 183% rise in volume and a 95% increase in value compared to the previous year. The total export value reached $148 million, despite a 31% drop in average price. The coffee was exported to 42 destinations, including Saudi Arabia, the Dominican Republic, Panama, and Ireland. The United States, Belgium, and Germany were the main buyers, with the United States seeing more than triple the volume and value of coffee imports from Peru compared to the previous year. H.V.C. Exportaciones S.A.C. and Compañía Internacional del Café S.A.C. were the leading Peruvian exporters to the United States, while Olam Agro Perú S.A.C. and Comercio Amazonía S.A. were the top exporters to both Belgium and Germany.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peruvian coffee exports closed positively in the first quarter of 2024, reaching 45,600 tons worth $148 million. Compared to the previous year, this represented an increase of 183% in volume and 95% in value, according to FreshFruit. Although the average price of Peruvian coffee experienced a 31% drop, reaching $3.25 per kilogram, the total value almost doubled. In these same months, the Peruvian aromatic grain managed to reach 42 destinations, compared to the 37 to which it had reached in 2023. Some of these countries that were ahead of their usual season were Saudi Arabia, the Dominican Republic, Panama and Ireland, with purchases between $300,000 and $700,000. For its part, the main places that bought coffee of Peruvian origin in this first quarter were the United States, with 20% participation; followed by Belgium, with 18%; and Germany, with 16%. To the North American country, shipments totaled 8,530 tons for $29 million, which was more than triple in volume and more than ...
Source: AgroPeru
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