Russia-Ukraine war directly impacts soluble coffee exports from Brazil

According to a statistical report by the Brazilian Association of the Instant Coffee Industry (Abics), national exports of the product fell by 4.7% in the first four months of 2022, totaling the equivalent of 1,221,603 bags of 60 kg. In the same period last year, the country sent 1,282,454 bags. According to the numbers collected, the negative performance reflects the impacts of the war between Russia and Ukraine, whose imports of Brazilian soluble coffee, together, fell by 66,572 bags from January to the end of April. "Considering that our total exports fell by 60,851 bags in the four-month period, this drop in performance so far is justified by the amount we stopped exporting to these Eastern European nations since the beginning of the conflict", explains the director of Institutional Relations at Abics, Aguinaldo Lime. As the war spreads, he understands that the impacts should be significant, since Russia and Ukraine are traditionally big customers of Brazilian soluble coffee. ...