Friday 29 March 2024
  • La Cimbali
  • Triesteexpresso

BRAZIL – Coffee earnings sharply up in January

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Coffee exports from Brazil rose 6.8% on year in January to 2,969,557 bags, the Brazilian Coffee Exporters Council, or CeCafe reports in its monthly figures.

Export earnings surged 53.3% to US$590.641 million, the highest value in a month of January in four years.

Exports of green coffee rose 11.5% on year. Arabica shipments were up 2.3% to 2,420,738 bags. Robusta sales jumped a whopping 199% to 344,574 bags.

On the other hand, the exports of processed coffee fell 31.8% to 204,245 bags, mainly of soluble coffee.

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In the 12-month period ending in January, Brazil exported 36,599,622 bags of coffee valued at $6.8 billion.

Some 61% of Brazilian coffee exports went to Europe; 19% went to North America; and 15% to Asia, the report said.

Germany was the top buyer, with a 19% share of Brazilian coffee exports, followed by the United States, with 17%; Italy, with 10%; Belgium, with 9%; and Japan, with 7%.

Arabica coffee accounted for 79% of Brazilian coffee exports, followed by Robusta, with 11.9%, and soluble coffee, with 9%.

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