The first half of the year saw 563,955 60-kg bags of coffee exported to Arab countries from Brazil, up 1% H1 2017, the Brazilian Coffee Exporters Council said this Thursday (12). Export revenues, on the other hand, slid 11.6% to USD 85.9 million.
This was mainly because the average price per bag in H1 2018 was 10.5% lower than in H1 2017, according to Cecafe.
Average price per coffee bag dropped 10.5%
Overall, nearly 14.5 million bags were shipped abroad from Brazil in H1 this year, down 4.2% from H1 2017. Total export revenue was down 14.2% to USD 2.2 billion.
Year-on-year in June, foreign sales slid 12.7% to just under 2.5 million bags. Revenue reached USD 363 million, down 1%.
The July 2017-June 2018 crop year saw 30.3 million bags exported, down 8.4% from the preceding season, and revenue was down 14.3% to USD4.9 billion.