Rise was driven by increased production and global demand, with significant growth in sales to the USA and China
07/15/2024
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Revenue from shipments in the crop year ending in June also set a record, reaching $9.8 billion, an increase of 20.7% — Foto: Divulgação
Brazil’s coffee exports for the 2023/24 crop year (July 2023 to June 2024) reached a record 47.3 million 60-kilogram bags, according to the Brazilian Coffee Exporters Council (Cecafé). This volume is 32.7% higher than the 2022/23 cycle. The previous record was set in the 2020/21 crop year, with 45.6 million bags exported.
Revenue from shipments in the crop year ending in June also set a record, reaching $9.8 billion, an increase of 20.7%.
Cecafé president Márcio Ferreira stated in a note that the larger crop in Brazil allowed the country to expand its share in global trade, “occupying spaces left by reduced supply from other producers, such as Indonesia and Vietnam, mainly with national conilon and robusta.”
According to the organization, the United States was the main destination for Brazilian coffee, purchasing 7.1 million bags, or 2.8% more than in the 2022/23 crop year. Germany and Belgium followed. Brazil also increased coffee sales to China by 186.1%, reaching 1.64 million bags.
Produced in larger volumes in Brazil, arabica coffee remains the most exported type. In the crop year, 35.4 million bags of this variety were shipped, an increase of 16.7%. Meanwhile, exports of canéforas (conilon and robusta) surged to 8.238 million bags. This increase of 461.1% reflected the lower availability of the product in Vietnam and Indonesia, which faced climatic problems.
Mr. Ferreira also noted that investments in research and technology “that improved the quality and productivity” of Brazilian canéforas also enabled the country to expand its share in the global market.
In June alone, the last month of the 2023/24 crop year, Brazil exported 3.5 million bags of coffee, the highest amount recorded for the month in history. Revenue of $851.4 million was also unprecedented for the period, according to Cecafé.
*Por Paulo Santos — São Paulo
Source: Valor International