Friday 19 April 2024
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Cecafé reports a sharp (+18%) increase in Arabica exports for the month of September

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DESCAMEX COFFELOVERS 2024
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MILAN – Brazilian coffee exports rose in September boosted by a double-figure increase in Arabica shipments and despite a sharp fall in Robusta sales. According to Cecafé, Brazil shipped 3,386,373 bags of coffee in all forms last month, a 4.5% increase over the same month of 2021.

Green coffee exports were 7.1% up year-on-year reaching 3,073,746 bags.

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Arabica sales rose a whopping 18% to 2,926,423 bags. On the other hand, Robusta exports fell to a mere 147.323 bags, down 62.2% from last year and 78.2% from two years ago. Arabica exports

Sales abroad of processed coffee (mostly soluble) also dropped by 15.3% to 312,627 bags, the lowest level in three years.

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Year-to-date exports (January-September) of all forms of coffee amounted to 28,748,489 bags, or a 3.9% decrease over year. Arabica exports

However, thanks to a 66.9% increase in the average price per bag, export earnings reached an unprecedented level of $6.73 billion.

Green coffee exports were still 4% down on year at 25,893,504. Surprisingly, Arabica shipments reached an all-time high of 24,673,400 bags, up 3.3% on year, while Robusta exports, despite a record crop, fell to a multi-year low of 1,220,104 bags (-60.5%).

Sales of processed coffee recorded a 3% decrease to 2.854.985 bags.

Günter Häusler, president of Cecafe, cited “intense demand for Robusta from the domestic industry”, that reduced export availability for the bitter tasting variety.

The US and Germany were the main destination for Brazilian coffees, with 5.8 and 5.1 million bags. They were followed by Italy, Belgium and Japan.

Hamburg remains the main port of destination, followed by Antwerp and Bremen.

Cecafé export data and a rally in the dollar dragged down New York coffee futures to a two-month low. The December contract of the ICE Arabica closed at 209.75 cents, down 810 points from Tuesday.

News of abundant rain in Brazil were also bearish for the “C” Contract.

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