São Paulo – Brazilian coffee exports decreased from January to July 2016 from the comparable period in 2015, as per the industry report Informe Estatístico do Café issued this Friday (12) by the Ministry of Agriculture, Livestock and Supply. Export revenues reached USD 2.7 billion, down 25% from USD 3.6 billion from January to July 2015.
Ministry numbers also show that through July, 18.3 million 60 kg bags of coffee were shipped abroad, down 10.7% from 20.5 million bags through July 2015. Up until July of last year, the price of a bag averaged at USD 176.02, 16.1% higher than USD 147.72 through July of this year.
Green coffee exports grossed USD 2.3 billion. Soluble coffee exports fetched USD 303.7 million, with roast and ground coffee grossing USD 5.7 million.
Top buyers were United States, Germany, Japan, Italy, Russia, Canada, France, Turkey, Spain, Sweden, Finland, United Kingdom, Slovenia, Greece and Mexico.
The Ministry of Agriculture said the average export price started climbing in July, to approximately USD 156, due to a widespread market hike. Coffee ranks fifth in Brazil’s agribusiness products export list, trailing soy and its products, meats, forest products, and sugar/ethanol.
*Translated by Gabriel Pomerancblum
