Coffee, sugar and cotton exports rise YoY in August

Data released by the Secretariat of Foreign Trade (Secex) shows that Brazilian green coffee exports reached 191,400 tons in August, an increase of 1.3% in relation to the same month of 2019. Corn shipments fell 11.4 % to 6.48 million tons.  Sugar exports, in turn, more than doubled in August to 3.47 million tons compared to 1.59 million tons in August 2019.  Soy reached 6.2 million tons.  In August 2019, grain exports had been 5 million tons. With record soy exports, mainly to China, it is estimated that the domestic industry will be forced to import 1 million tons of oilseed by the end of 2020.  Another highlight was foreign cotton sales, which rose from 45,300 tons in August 2019 to 109,000 tons in August 2020.

The following graphs show Brazilian exports of coffee, sugar, and cotton from January 2017-July 2020:

Brazilian Coffee Exports (HS 0901) | Jan 2017 to Jul 2020 | WTMT

Source: DataLiner

Brazilian Sugar Exports (HS 1701) | Jan 2017 to Jul 2020 | WTMT

Source: DataLiner

Brazilian Cotton Exports (HS 5201) | Jan 2017 to Jul 2020 | WTMT

Source: DataLiner
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Brazilian imports of animal protein are also on the rise, driven by the weaker Real and Chinese demand. Pork meat exports grew by almost 80% in August, with 87,700 tons, up from 49,000 tons in August 2019. Beef exports totaled 163,200 tons in August, compared with 135,100 tons in August 2019. Poultry exports jumped from 334,500 tons in August 2019 to 340,700 tonnes in August 2020.

Source: Reuters

 

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