Brazil coffee exports down, crop view revised downwards

Exports of coffee from Brazil, the world’s largest supplier, are down sharply in February, according to preliminary data from the government, while an independent report released on February 23 revised downward projections for the new crop.

Data from Brazil’s Foreign Trade Department showed on that green coffee exports averaged 6,000 tonnes per day (100,000 60-kg bags) up to the third week of February, compared to a daily average of 10,960 tonnes (182,660 bags) for the full month of February in 2022.

The government agency releases weekly numbers with daily averages, as well as total figures when the month is over.

Broker and analyst HedgePoint revised its projection for Brazil’s 2023/24 arabica coffee production to 42.3 million bags from 45.4 million bags previously.

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