Coffee export volume fell in January although revenue landed records

Brazilian coffee shipments totaled 3.2 million 60-kilogram bags in January, an 11.8% decrease from the same month in 2021, according to the Brazilian Coffee Exporters Council (Cecafé). According to the report, the shipments generated US$ 700 million in revenue, the highest value in history for the month. There was a rise of 47.5% over the result of January 2021.

The high invoicing reflected the appreciation of grain prices on the international market. The average price per bag exported last month was US$ 216, 67% above the average recorded in January last year.

Logistical bottlenecks influenced the decline in shipped volume. “We noticed a slight improvement in container supply, and there was a new record of shipments via breakbulk (sacks), which helped to improve the flow,” says Nicolas Rueda, president of Cecafé, in a note. “But finding room on ships is still a challenge.”

Rueda also recalls that Brazil entered the off-season of a not-so-productive cycle, hence the less availability of grains. The average price seen last month was the second-highest ever recorded for a single January. The previous record had been in January 2021 (US$ 272).

Currently, coffee’s trade value in the international market is increasing. However, values fluctuate due to concerns about the low global stock of the product and crop failure in important producers like Brazil and Colombia.

See below the track record of Brazilian coffee exports (HS 0901) over the last two years. The data comes from DataLiner.

Exports of Brazilian Coffee (HS 0901) | Jan to Dec 2020 – 2021 | WTMT

Source: DataLiner (click here to request a demo)

Exports in the first months of the 21-22 crop year (July to January) totaled 22.8 million bags, down 19.4% compared to the same period in the previous cycle. However, revenues increased 18.5% to US$ 4.1 billion.

The average price for the period was US$ 182 per bag, 47% higher than in the same previous range. Green Arabica beans lead the list of exported varieties, with 2.8 million sacks in January, down 10.3% compared to January 2021. Canéfora coffee (robusta and conilon) totaled 89,000 bags, down by 63%.

Source: Valor Econômico

To read the full original article, please see:

https://valor.globo.com/agronegocios/noticia/2022/02/10/volume-das-exportacoes-de-cafe-caiu-em-janeiro-mas-a-receita-foi-recorde.ghtml

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