Coffee Exports from Brazil to Arab Countries Up 46 Percent Year-to-Date

RIO DE JANEIRO, BRAZIL – Year-to-date through August, coffee exports from Brazil to Arab countries were up 45.9 percent year-on-year.

The first eight months of the year saw 1.14 million 60-Kg bags shipped to the Arab bloc, the Brazilian Coffee Exporters Council ( Cecafé ) reported this Tuesday, September 10th.

The share of Brazilian coffee exports taken in by Arab countries is now 4.2 percent. Year-to-date through August, exports fetched USD 134 million, up 14.3 percent, with average price per bag increasing by 14.3 percent year-on-year.

Globally, the volume shipped from Brazil is the highest for the period in the last five years. Exports amounted to 27 million bags, up 30.8 percent from a year ago, fetching USD 3.4 billion, up 7.3 percent year-on-year.

‘It’s worth pointing out that the first five months of the year saw a 30 percent increase in imported volume year-to-date through August from a year ago. This means that Brazilian coffee has gained space abroad,’ Cecafé chairman Nelson Carvalhaes was quoted in a press release as saying.

In August, Brazil exported 3.2 million bags of coffee, down 9.5 percent year-on-year. Revenue also slid, down 19.2 percent to USD 398.4 million. The average price in the month, at USD 124.2 percent, dropped by 10.8 percent year-on-year.

Last month, Arabica coffee accounted for 75.8 percent of exports, at 2.4 million bags, with Robusta making up 14.4 percent at 462,000 bags, and soluble coffee making up 9.8 percent of exports, at 314,000 bags.

(MENAFN – Brazil-Arab News Agency)