São Paulo – Nearly 820,000 60-kilogram bags of coffee were shipped from Brazil to Arab countries year-to-date through July this year, up 7% from the same period in 2013, according to figures released this Thursday (7th) by the Brazilian Coffee Exporters Council (Cecafé, in the Portuguese acronym).<\/p>\n
Export revenues were down 13% to US$ 110.6 million year-to-date through July from the same period last year, indicating a decline in average product price, which was down 6.4%.<\/p>\n
Overall, coffee exports from Brazil grossed US$ 3.45 billion year-to-date through July, up 11% from the same period last year, whereas shipped volume stood at 20.56 million bags, up 18.5%. <\/p>\n
Cecafé chairman Guilherme Braga said in a press release that the “good export volume figures” year-to-date attest to “good foreign sales performance, with Brazil retaining a global market share of around 32%.”<\/p>\n
In July alone, the first month of the 2014\/2015 crop, export revenues stood at US$ 557 million, up 59% from the first month of the prior cycle. Nearly 3 million bags were shipped, up 33.5% July on July. <\/p>\n
Braga believes the performance to be “very positive and largely due to remaining inventory.” “The continuation of this favourable trend in months to come will hinge on the harvesting of the ongoing crop,” he added, according to the press release. <\/p>\n
The leading export targets for Brazilian coffee are the United States, Germany, Italy, Belgium and Japan. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n