S\u00e3o Paulo \u2013 Brazil exported around 2 million 60-kilogram bags of coffee in July, up 0.7% from July 2011. Revenues, however, were down 20.4% using the same basis of comparison, at US$ 428.8 million, according to figures issued this Tuesday (7th) by the Brazilian Coffee Exporters Council (Cecaf\u00e9). July was the first month in the 2012-2013 crop.<\/p>\n
The average price of coffee strongly influenced the performance. As of July 2011, the bag of coffee was selling for US$ 261.27, as against US$ 206.41 in July this year, a 21% decline.<\/p>\n
In a press statement, Cecaf\u00e9 director general Guilherme Braga claimed that growers are likely to invest in higher value-added products to boost earnings. According to him, a large harvest cannot be counted on in the current cycle, because the impact of rains in coffee-growing regions is yet unknown. <\/p>\n
Year-to-date, Brazil exported 14.7 million bags, down 20% from the first seven months of 2011. Revenues were down 21.7%, to roughly US$ 3.5 billion.<\/p>\n
In terms of exports to Arab countries, however, the logic was reversed. Sales stood at US$ 119.5 million from January to July, up 0.42% from the same period in 2011. The volume shipped was 587,800 bags, down 9% using the same basis of comparison. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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