Brazil’s coffee crop should surprise positively and exports recover

Brazil’s 2023 coffee crop should surprise positively and exports recover in the second half of the year, the head of exporters group Cecafe said on Friday, after shipments dropped by roughly a fifth in the first four months to end-April.

Speaking at an event hosted by Cecafe, Marcio Ferreira said a good shipment pace should then be maintained in the first half of 2024.

The country’s robusta coffee crop is expected “repeat” its output performance of the previous year, when farmers reaped a record 16.81 million bags of the variety, he added.

His forecast contrasts with that of the government’s food and statistics agency Conab, which expects a 7.6% drop in robusta production this year.

See below Brazil’s maritime shipments of coffee registered month by month from January 2019 to March 2023. The data was obtained through Datamar’s DataLiner business intelligence service.

Coffee exports from Brazil | January 2019 – March 2023 | WTMT

Source: DataLiner (click here to request a demo)

Considering a strong harvest and high robusta prices, Ferreira said he expects exports of the variety to receive a boost, meaning that it isn’t impossible for Brazil’s overall shipments reach more than 35 million bags of coffee in 2023.

Last year, Brazil shipped 35.58 million 60-kg bags of green coffee abroad.

Source: Money Times

To read the original news report, check: https://www.moneytimes.com.br/cecafe-se-anima-com-safra-do-brasil-e-aponta-para-retomada-dos-embarques/

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