Brazilian coffee exports to Asia increase 30% in first four months of 2019
May, 22, 2019 Posted by datamarnewsWeek 201922
The world’s largest coffee producer, Brazil, exported 2.52m 60kg bags to the Asian continent in the first four months of 2019, up 29.9% compared to the same period last year, according to data from Cecafé, the Brazilian Coffee Exporters Council. The volume shipped generated US$342.3m in revenues in the period.
Exportações de café do Brasil para Ásia crescem quase 30% nos primeiros quatro meses de 2019 https://t.co/v5qYImODdE pic.twitter.com/ODd1gfUCBy
— Min_Agricultura (@Min_Agricultura) May 21, 2019
The European continent remained the top destination of Brazilian coffee considering January – April 2019, with 52.9% of exported volume. The continent imported 6.93m bags of coffee, equivalent to US$883.8m in export revenues. North America snatched the second spot, importing 21.6% of Brazil’s coffee exports, at 2.83m bags, earning Brazil US$371.9m in export revenues.
Asia imported 19.3% of the volume shipped in the same period, marking the destination the third largest. Among all the Asian countries, Japan’s import volume was highest between January and April, up 37.04% year-on-year.
Moreover, the South American giant registered a 1.15% growth in soluble coffee exports in the first four months of 2019, at 1.159m bags, according to data from the Brazilian Association of Soluble Coffee Industry (Abics). Brazil generated US$169.4m in income from this type of coffee, the organ reported. However, the growth falls short of the 5% that is expected over 12 months, partly due to low coffee prices in both domestic and international markets.
The following DataLiner graph shows Brazil’s month-by-month coffee exports analysis from 2006 to March 2019:
Brazil’s National Agricultural Supply Company, Conab, published the second report that discloses the country’s new coffee production estimate for the 2019/20 crop year, at 50.92m 60kg bags, including Arabica and Conilon (Robusta) coffee, down 17.4% year-on-year. The previous report in January projected between 50.48m and 54.48m bags.
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