From the Newsroom
São Paulo – Brazil shipped 3.4 million 60-kg bags of coffee last October, down 13.1% year-on-year. Exports grossed USD 441.1 million, down 14.7% from a year ago, the Brazilian Coffee Exporters Council (Cecafé) reported this Monday (11).
The bag average price slid by 1.8%. In October 2018, exports had hit a record-high for the month.
Year-to-date through October, 34 million bags were exported, up 22.8% from a year ago. Revenue reached USD 4.3 billion, up 4.6%.
Despite last month’s decline, the shipped volume year-to-date is the highest for the period in the last five years, Cecafé reported.
According to Cecafé, the results from the foreign sales in the 12 months through October at 41.9 million bags may mean that exports in 2019 may hit an annual record-high.
Regarding the Arab countries, exports almost reached 1.5 million bags year-to-date through October, up 17.1% from a year ago. But revenue slid by 2.66%, to USD 171.8 million.
Translated by Guilherme Miranda