São Paulo – Brazilian coffee exports generated over US$ 7 billion in revenues from January to October, 61% more than in the same period of last year. A total of 27.36 million 60-kilogram bags were shipped, a 4% increase using the same basis of comparison, according to figures disclosed this Tuesday (8th) by the Brazilian Coffee Exporter Council (Cecafé).
In a statement, Cecafé’s executive director Guilherme Braga said that although the current crop is smaller than the previous one –the plant is biennial, meaning that one large harvest is followed by a smaller one –, the volume exported in the first four months of the 2011-2012 season was similar to that of the last cycle.
The leading target regions for Brazilian coffee from January to June were Europe (53%), North America (24%), Asia (17%) and South America (3%). In terms of countries, the leading markets were the United States, Germany, Italy, Japan and Belgium.
The Arab countries imported nearly the equivalent of US$ 200 million, roughly 40% more than in the same period of 2010. Shipments to the region exceeded 1 million bags, 1% more using the same basis of comparison.
In October alone, Brazilian coffee export revenues stood at US$ 871 million, one of the highest figures ever for the month according to Cecafé. Revenues grew by 32.8% when compared to October last year. Over 3 million bags were shipped, an 11% decline using the same basis of comparison.
*Translated by Gabriel Pomerancblum
