São Paulo – Brazil exported a record volume of coffee in the 2010-2011 crop year, ended June 30. A total of nearly 35 million bags were shipped, 17% more than in the previous cycle. Revenues from sales reached US$ 7.4 billion, a 65% increase using the same basis of comparison. The figures were disclosed this Thursday (7th) by the Brazilian Coffee Exporters Council (Cecafé).
“Brazil found markets to absorb a greater production, and for that reason, larger crops no longer imply pressure on prices. The expectation for the 2011-2012 crop is that prices should remain at the current levels and revenues should be slightly higher, in spite of the decrease in volume due to the biennial character of the culture,” said the director general of Cecafé, Guilherme Braga, according to a statement issued by the organization.
The Cecafé estimates that in the civil year of 2011, Brazilian exports should reach 33 million bags, equivalent to US$ 8.6 billion. In June alone, exports of the product reached US$ 697 million, 116% more than in the same month of 2010.
In the first half, Brazil shipped over 16 million bags, 13% more than in the same period of last year. The leading targets were the United States, Germany, Italy, Belgium and Japan.
*Translated by Gabriel Pomerancblum
