Coffee: May shipments close at 2351 million bags in Brazil

Brazil’s coffee bean exports in May 2023 totaled 2,351,428 bags of 60 kg, equivalent to a daily average of 106,883 bags over 22 working days. The revenue generated from these exports amounted to an impressive US$ 537.091 million, with a daily average of US$ 24.413 million. The average price per bag stood at US$ 228.41.

Comparing these figures to May 2022, the average daily revenue from coffee bean exports in May 2023 experienced a slight decline of 8.3%, dropping from a daily average of US$ 26.611 million the previous year.

The chart below displays Brazil’s coffee exports (hs code 0901), measured in tonnes, between Jan 2019 and Apr 2023. The data is from the DataLiner maritime intelligence service.

Brazilian coffee exports | Jan 2019 – Apr 2023 | WTMT

Source: DataLiner (click here to request a demo)

Furthermore, the average daily volume shipped in May 2023 decreased by 1.0% compared to May 2022. The daily average of 107,930 bags in the previous year saw a marginal decline. Conversely, the average price experienced a more substantial retreat, dropping by 7.4%.

The data are from the Foreign Trade Secretariat (Secex).

Source: Canal Rural

To read the original news report, see: https://www.canalrural.com.br/radar/cafe-embarques-de-maio-fecham-em-2351-milhoes-de-sacas/

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