U.S. continue to be top purchaser of Brazilian coffee
The data was released by the Brazilian Coffee Exporters Council (CECAFÉ).
Overall, Brazilian producers exported 19.3 million bags of coffee in the eight first months of the year, down 9.2% over the same period of 2016.
These shipments generated $3.3 billion to producers, an increase of 2.9% in the same comparison. To Arabs alone, the increase in revenues reached 30% to $133.76 million.
In comparison to August 2016, however, last month’s coffee exports declined 22% in volume.
In all, 2.37 million bags were shipped in the month, generating $388.5 million in revenues – which also declined 20.5%, despite the average price of the bag increasing 1.9% in the same comparison.
The United States continue to be the top purchaser of Brazilian coffee with 19.8% of total exports registered from January to August.
Germany, with 17.1%, and Italy, with 9.2%, follow. None of the Arab countries appear among the ten largest buyers listed by CECAFÉ. ■