From the Newsroom
São Paulo – Close to 730,000 60-kg bags of coffee got shipped from Brazil to Arab countries year-to-date through May, up 52.3% year-on-year. Sales fetched USD 86 million, up 17%. The numbers were released this Monday (10) by the Brazilian Coffee Exporters Council (Cecafé).
Arab countries took in 4.3% of total coffee exports from Brazil, up from 4% year-to-date through May 2018.
The figures point to a pickup in sales to Arab countries in May, since year-to-date through April had seen a 39.8% increase in amount and an 8% increase in revenue.
Cecafé said May coffee exports were the biggest on record for the month. Total exports came out to 3.5 million bags, up 103.5% year-on-year, and USD 416.2 million, up 57.6%. Average price per bag was down 22.6% year-on-year in May.
Year-to-date through May saw 16.9 million bags of coffee had gotten shipped from Brazil, up 40% from a year ago, fetching USD 2.1 billion, up 12.7%. Cecafé said those were the best results in five years for this time of the year.
“Brazilian coffee exports continue to perform very well, with great results for the month, the year and the crop-year, which ends this month [June]. We’re setting new records in coffee exports from Brazil, meeting the demand from our importers with high levels of efficiency, quality and sustainability,” a press release quoted Cecafé chairman Nelson Carvalhaes as saying.
The leading buyers of coffee from Brazil year-to-date through May were United States, Germany, Italy, Japan, Belgium, Turkey, United Kingdom, Russia, France and Canada.
Translated by Gabriel Pomerancblum