Exports picked up in January with revenue reaching USD 18.9 million. Higher product prices were a factor in stronger foreign trade numbers.
From the Newsroom*
São Paulo – Revenue from coffee exports from Brazil to the Arab countries increased by 32% year-on-year in January, according to the Council of Brazilian Coffee Exporters (Cecafé), to USD 18.9 million in January 2017 from USD 14.3 million in January 2016. Shipped amount also increased, going up 1.3% from 111,900 60 kg bags to 113,400 bags. Sales to Arab countries amounted to 4.4% of total exports; the rate had been 3.9% in January of last year.
Coffee exports to Arab countries outperformed total exports. Overall, revenue from foreign sales climbed 8.3% to USD 449.5 million. Shipped volume dropped by 8.7% to 2.56 million bags.The price per bag of coffee averaged at USD 175.3 in January, a number 18.6% higher than in January 2016. The fact that product prices are higher this year than in the last one explains the stronger revenue in spite of the reduced sales volume.
Germany was the top importer of coffee from Brazil in January, followed by the United States, Italy, Japan, Belgium, Russia, France, Turkey, Sweden and Spain. Region-wise, the European Union bought the most Brazilian coffee, with North America, Asia, South America and Oceania trailing.
*Translated by Gabriel Pomerancblu