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Brazil 2017/18 green coffee exports fall 8.5pc

Published Updated

SAO PAULO: Brazilian exports of green coffee fell by 8.5 percent in the season ended last June, confirming expectations of exporting group Cecaf, which said on Thursday sales were affected by an output drop in 2017, an off year in coffee's biannual cycle.

Brazilian green coffee exports fell to 26.83 million 60-kilo bags in the period, Cecaf officials said in a press conference to present results. Arabica coffee exports, which make up the bulk of Brazil's foreign coffee sales, slumped by 10 percent to 26.16 million bags, the entity said.

"The data confirmed our expectations," said Nelson Carvalhaes, head of Cecaf, in remarks related to Brazil's export performance in the season starting in July 2017 that ended in June of this year.

Cecaf? expected exports of between 30 million and 31 million bags this season, he said.

"Exports would have been 5 percent higher had it not been for a fall in robusta production caused by climate factors," Carvalhaes added referring to the 2014/15 and 2015/16 seasons.

He said coffee farmers rose prices above international market levels due to the output drop in those seasons, a situation that constrained coffee exports.

Copyright Reuters, 2018
 

 

 

 

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