Brazilian green coffee exports fell 5.1 percent in January, continuing the slow pace seen in the last months of 2017, a situation that is only likely to change when the new harvest enters the market. Brazil exported 2.327 million 60-kg bags of green coffee in January, exporters association Cecaff said on Friday, adding this had been expected. "We believe exports will continue at a slow pace until the new harvest starts coming in," said Cecaff president, Nelson Carvalhaes.
Most of the coffee Brazil exports is of the Arabica variety, according to Cecaff data, which showed these totalled 2.316 million bags last month. For the first time since March 2017, the United States no longer led the list of biggest consumers of Brazilian coffee. That position is now occupied by Germany, which bought 20 percent of Brazil's coffee in January, or 513,070 bags, said Cecaff.
Arabica coffee trees have a biennial cycle that results in the alternation of heavy and light crops. Thanks to abundant rains, Brazil is looking at a good crop this season, Cecaff said. The world's largest producer and coffee exporter, Brazil is forecast to harvest more than 58 million bags of coffee in the current crop cycle, according to Conab, the government's food supply and statistics agency.
Comments
Comments are closed for this article.