Tuesday 23 July 2024
  • La Cimbali

Brazil’s exports hit a new record of 4.4 mln bags in May, heading for all-time highs in CY 2023/24

“With these figures, Brazil is one step away from setting a new export record, as the volumes exported so far are only 2 million bags below the all-time high of 45.7 million bags set in 2020/21," said Cecafé president Marcio Ferreira

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MILAN – Brazil ’s coffee exports are heading for new records, reaching 4.4 million bags in May, according to Cecafé’s monthly statistics published on Tuesday. Last month, Brazil exported 4,396,973 bags of all forms of coffee: 79.6% more than in May 2023. This is the highest figure ever recorded for this month of the year. Export earnings also hit record-highs, surpassing the US$1 billion mark.

Green coffee exports increased by 90.2% to 4,032,197 bags. There was a strong increase for Arabica (59.1%) with 3,163,927 bags exported.

Robusta exports increased more than sixfold (+559.3%) to 868,270 bags. Sales of processed coffee, mostly soluble, also increased (+11.2%) to 364,776 bags.

Exports of all forms of coffee in the first five months of 2024 also reached an all-time high of 20,690,378 bags (+52.1%).

Green coffee volumes rose to 19,096,399 bags (+58.9%), of which 15,654,095 bags were Arabica (+36.3%) and 3,442,304 bags were Robusta (+553.8%).

Exports of soluble coffee were stable at 1,593,979 bags (+0.4%).

In the first 11 months of the 2023/24 crop year (July-May), exports of all forms of coffee totalled 43,706,730 bags. This is almost a third more (+32.4%) than in the same period last year.

“With these figures, Brazil is one step away from setting a new export record, as the volumes exported so far are only 2 million bags below the all-time high of 45.7 million bags set in 2020/21,” said Cecafé president Marcio Ferreira.

This figure is very likely to be exceeded, given that monthly shipments have averaged over 4 million bags since last October,” he said.

BrazilGreen coffee exports for the first 11 months totalled 40,351,501 bags, an increase of 36.7 per cent. Arabica volumes increased by 16.4% to 32,939,098 bags.

Robusta volumes rose by 499% to 7,412,403 bags. On the other hand, soluble coffee volumes declined by 3.3% to 3,355,229 bags.

In the first five months of the year, exports to the USA and Germany – the two main markets for Brazilian coffee – rose by 37.61% and 75.06% respectively.

Shipments to Belgium increased by 232.21% to over 2.1 million bags. Exports to Italy increased by 50.29% to 1,667,555 bags.

Triple-digit increases were also recorded for exports to the United Kingdom (+111.11%) and Mexico (+703.42%).

Brazilian exports to the 27 countries of the European Union totalled 9.907 million bags in the first five months of the year, 71.9% more than in the same period of 2003.

BrazilThe trend described above is reflected in the ranking of ports of destination, with the Belgian port of Antwerp overtaking the German ports of Hamburg and Bremen.

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