Tuesday 18 June 2024
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BRAZIL – Exports to Arab countries rose 14% in 1H 2014

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SÃO PAULO – Brazil’s coffee exports to to Arab countries rose 14% to 734,606 60-kilo bags during the first six months of calendar year 2014, according to data released by the Brazilian Coffee Exporter Council (Cecafé) earlier this week.

According to the Cecafé, 2013/2014 crop, initiated in July last year and closed last June, finished with exports of almost 34 million bags, an increase of 9.9% in relation to the previous cycle.

Revenue obtained was US$ 5.327 billion, down 11.6% in the same comparison. The Cecafé says that the performance “is a reflection of the continuous decline of prices observed until January 2014.”

Figures started rising in February, according to the organization, moving from US$ 138.55 per bag in January to US$ 188.87 in June.

In spite of the smaller revenue, Cecafé’s chairman, Guilherme Braga, declared, according to communiqué from the organization, that the performance of the crop was better than expected, as 32.5 million bags were expected to be exported and the actual exported volume was 5% above that.

In June alone, Brazil exported 2,858,012 bags, up 21% from the same month last year. Revenue from the shipments was nearly US$ 540 million, up 37.3% in the same comparison.

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Region-wise, Brazil’s main markets are Europe, North America, Asia and South America. Country-wise, main destinations are United States, Germany, Italy, Belgium and Japan.

Source: Anba

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