Jan-Aug Coffee Export Revenue Up 61% from 2021 in Brazil

Brazil exported 2.762 million 60-kilogram bags of coffee in August alone, 2.5% less than in the same month last year. Conversely, in terms of sales, the country obtained coffee export revenue of US$ 655.3 million, up 49.5%, as reported on Sep. 12th by the Brazilian Coffee Exporters Council (Cecafé).

From January to August, the sector’s performance delivered even better figures: it obtained a record revenue of US$ 5.904 billion, a growth of 61.4% compared to the first eight months of last year. In turn, the volume sold abroad retreated by 5.3% in the same time range, from 26.7 million bags to the current 25.3 million bags until the end of last month.

See below the track record of the volume of coffee (HS 0900, HS 0901) exported by Brazil from January 2021 to July 2022. The data is from DataLiner.

Brazilian exports of Coffee | Jan 2021 – Jul 2022 | WTMT

Source: DataLiner (click here to request a demo)

In a note released to the public, the president of Cecafé Günter Häusler attributed the result to “sound price levels practiced in internal and external markets, as well as the favorable exchange rate.” According to Cecafé, the average price paid for the Brazilian coffee shipped between January and the end of August was US$ 233.58 per bag, up 70.4% from US$ 137.11/bag in the same time in 2021.

From January through August (+4.5%), the United States was the top destination for Brazilian coffee, accounting for 5.283 million bags received, or 20.9% of total exports. In second comes Germany, with 17.9% – 4.533 million bags imported (-1.9%) in eight months – and Belgium, with 2.110 million bags purchased (+14.2% of total).

Arabica coffee is the most exported variety, with 21.707 million bags shipped abroad, or 85.9% of the total. Soluble coffee shipments reached 2.505 million bags, accounting for 9.9% of the total. The canephora variety (robusta + conilon) was the third most exported coffee product, with exports of 1.033 million bags (4.1%). Finally, Brazil shipped 30,268 bags (0.1%) of roasted and ground products.

According to Cecafé, differentiated coffees with better quality or some sort of certificate of sustainable practices contributed to 18% of total Brazilian coffee exports between January and August 2022. There were 4.540 million bags exported, a 3.2% increase.

“The average price of differentiated products was US$ 284.54 per bag, generating a coffee export revenue of US$ 1.292 billion in the eight months, corresponding to 21.9% of total shipments and is 64.3% greater than that recorded in the same prior interval,” Cecafé stated.

Source: Jornal do Comércio

To read the full original article, please go to: https://www.jornaldocomercio.com/economia/2022/09/863820-receita-com-exportacao-e-recorde-de-uss-59-bi-61-acima-de-2021.html

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