From the Newsroom
São Paulo – Year-to-date through August, coffee exports from Brazil to Arab countries were up 45.9% year-on-year. The first eight months of the year saw 1.14 million 60-Kg bags shipped to the Arab bloc, the Brazilian Coffee Exporters Council (Cecafé) reported this Tuesday (10).
The share of Brazilian coffee exports taken in by Arab countries is now 4.2%. Year-to-date through August, exports fetched USD 134 million, up 14.3%, with average price per bag increasing by 14.3% year-on-year.
Overall, the volume shipped from Brazil is the highest for the period in the last five years. Exports amounted to 27 million bags, up 30.8% from a year ago, fetching USD 3.4 billion, up 7.3% year-on-year.
“It’s worthy pointing out that the first five months of the year saw a 30% increase in imported volume year-to-date through August from a year ago. This means that Brazilian coffee has gained space abroad,” Cecafé chairman Nelson Carvalhaes was quoted in a press release as saying.
In August alone, Brazil exported 3.2 million bags of coffee, down 9.5% year-on-year. Revenue also slid, down 19.2% to USD 398.4 million. Average price in the month, at USD 124.2%, dropped by 10.8% year-on-year.
Last month, Arabica coffee accounted for 75.8% of exports, at 2.4 million bags, with Robusta making up 14.4% at 462,000 bags, and soluble coffee making up 9.8% of exports, at 314,000 bags.
Translated by Guilherme Miranda