São Paulo – Coffee exports from Brazil reached USD 38.4 million in the first two months of this year, up 27% from the comparable year-ago period, the Coffee Exporters Council (Cecafé) reported this Thursday (9). A total of 226,500 bags were shipped abroad, a similar amount to the one from January and February 2016.
Revenue increased mostly as a result of average product price. According to Cecafé, prices were 19% higher in the first two months of 2017 than in the same period of the year before.
Overall, Brazilian coffee exports fetched USD 900.2 million, up 6% from January and February 2016. Exported amount slid by 11% to 5.1 million bags.
In February alone, close to 2.5 million bags of coffee were exported from Brazil, down 15.5% from February 2016. Revenue stood at USD 439 million, a 1% increase year-on-year.
“We must keep in mind that February was a shorter month due to the Carnival holiday. However, Brazil was able to deliver a volume that was very close to 2.5 million bags, which proves that we have the ability to meet the demand,” a Cecafé press release quoted chairman Nelson Carvalhaes as saying. “Note also that revenue in the month was higher than last year,” he added.
In the first two months of the year, the leading buyers of Brazilian coffee were Germany, the United States, Italy, Japan, Belgium, Russia, Turkey, France, Canada and Spain.
*Translated by Gabriel Pomerancblum
