Brazil: Volume of coffee exports in January is a record for the month

Raw Common Coffee Bean

Brazil

Market & Price Trends

Published Feb 15, 2024

Tridge summary

Brazil saw a record export of 3.961 million 60 kg bags of coffee in January, marking a 39% increase from the same period in 2023. The sales revenue also rose by 30.4% to US$802.5 million, according to the Brazilian Coffee Exporters Council (Cecafé). The surge in exports is attributed to crop failures in Vietnam and Indonesia, which led to an increase in their imports of Brazilian coffee. Despite geopolitical conflicts and logistical challenges, the impact on Brazil's coffee shipments has been minimal.

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Original content

Brazil exported 3.961 million 60 kg bags of coffee in January, a record volume for the month and 39% higher than January 2023. Sales revenue was 30.4% higher, at US$802.5 million , compared to US$ 615.5 million, reported the Brazilian Coffee Exporters Council (Cecafé). Shipments of canephora (conilon and robusta varieties) grew 503.5%, reaching 457,787 bags, or 11.56% of the total. “Brazilian Robusta and Conilon remain very competitive on the world market and have been making up for the deficit caused by crop failures in important producers, such as Vietnam and Indonesia, the world's first and third largest producers of the variety, respectively. Not surprisingly, the Vietnamese increased their imports of Brazilian coffee by 700% and the Indonesians increased their imports of Brazilian coffee by 19,130%”, said the president of Cecafé, Márcio Ferreira, in a statement. Check out hot information about agriculture, livestock, economy and weather forecast in the palm of your hand: ...

Source: CanalRural