Brazil’s coffee exports jump 37.8% in March, set quarterly record

Brazil’s total coffee exports amounted to 4.29 million 60-kg bags in March, a 37.8% increase compared to the same period last year, a record for the month, industry group Cecafe said on Tuesday.

Coffee shipments from the world’s largest producer and exporter also hit an all-time high in the first quarter, Cecafe said.

The group credited the boost to exports of robusta coffee, which set a record in March of 846,700 bags, nearly eight times the amount shipped in the same period in 2023.

Brazil has been exporting larger volumes of this variety to fill gaps left by a drop in exports from Vietnam and Indonesia, major producers of robusta.

“Brazil has been able to meet international demand, overcoming difficulties caused by climatic issues in Indonesia and Vietnam,” Cecafe’s president, Marcio Ferreira, said in a statement.

The following chart uses DataLiner-sourced information to trace Brazilian coffee bean exports from January 2021 to Feb 2024. Click on the link below to find out more about this leading maritime intelligence service.

Brazilian Exports of Coffee Beans | Jan 2021 – Feb 2024 | TEUs

Source: DataLiner (click here to request a demo)

Shipments of arabica coffee, which account for most of the country’s exports, also showed significant gains, growing 15.1% year-on-year in March to 3.1 million bags.

Total revenue from Brazilian exports rose 35.2% over the same period to $913.6 million.

Taking into account information from the National Coffee Association’s (NCA) annual convention in the United States, Ferreira said that the drop in production in Vietnam is not as significant as expected.

Source: XM.com 

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