São Paulo – Brazilian coffee exports reached USD 570.6 million in revenue in November. From January to November 2021, the accumulated revenue was USD 5.4 billion, a 5.9% growth compared to the same period in 2020. The shipped volume declined by 10% in the first 11 months of the year, totaling 36.6 million 60-kg bags. Data are from the Brazilian Coffee Exporters Council (Cecafé), released this Friday (10).
The positive performance in revenue is due to a scenario of high exchange rates and international coffee prices, according to the president of Cecafé, Nicolas Rueda. “We have been experiencing moments of very high volatility in the market, with prices approaching historical record levels in the local currency (Brazilian real). The average export price in 2021, USD 148.81 per bag, is the highest since 2017. Along with this, the dollar remains heightened against the Brazilian real, favoring the growth in the inflow of resources to Brazil with coffee shipments,” he explained in a note.
The drop in export volume is a result of logistical bottlenecks in global sea trade and the smaller crop harvested by Brazil in 2021, according to the president of the organization. “Given the lower harvest this year, we continue to dispute for containers, space on ships, an deal with successive cancellations of bookings, cargo rollovers, and extremely high shipping rates,” he declared. Despite the recent challenges, Rueda says it is worth highlighting the resilience and innovation of Brazilian coffee exporters.
Top destinations
From January to November, Brazil exported coffee to 121 countries. The United States remain at the top ranking, Germany is in second place, Italy in third, Belgium in fourth, and Japan is in fifth place. The volume shipped to the Arab countries dropped 24.6% compared to the same period in 2020. From January to November 2021, 1.4 million bags were shipped. The USD 179 million revenue was 8.2% lower than in the first 11 months of last year.
Translated by Elúsio Brasileiro
