Thursday, October 09, 2014

Brazilian exports of coffee have significant increase

The Brazil continues to export significant volumes of coffee in this second half. Last month, shipments of the product (green and industrialized) were 7.8% higher than in September 2013 and reached 2.9 million bags. Revenue surged 42.9% and reached $ 582,3 million, according to the Council of Brazil's coffee Exporters (CeCafé).
The jump influenced positively the balance of agribusiness in the country as a whole and avoided major retractions of exports and the sector surplus. According to the Bureau of foreign trade (Secex/Mdic) compiled by the Ministry of agriculture, the total industry shipments, pulled by soybeans and derivatives-whose sales abroad, retreated-yielded $ 8.3 billion in September, 7.4% less than in the same month of last year. The good performance of the coffee sector was also striking balance from January to September, when its foreign sales totaled 26.6 million bags, 17.2% more than in the first nine months of 2013. Were almost 4 million sacks in the same comparison in a market of great volatility, said Guilherme Braga, General Director of CeCafé.
Commodity prices register large oscillation-and recovery-this year because of drought and heat that affected the vintage 2014/15 (whose harvest ended last month), adversity that also will affect the harvest in 2015.
Was a determining factor in the increase in shipments of coffee from January to September increased demand observed from July, when other countries are in the off season. As the harvest was anticipated because of the drought, there was a larger volume available before the peak of the harvest. The stocks accumulated in the past two years were also used, since purchases of importers and roasters have intensified even further as soon as it became clear that the high prices could endure.
The CeCafé estimates that Brazil will export between 34 million and 35 million bags in 2014, up from 31.2 million in 2013. Of the total exported (26.643 million bags) in the first nine months of 2014, the robusta coffee represented 2.264 million sacks, 117% more than in the same range of 2013. Already the Arabica green coffee shipments rose 14%, to 21.694 million bags.
From January to September, the total revenue with exports grew 17.9%, to $ 4,627 billion. The average price climbed 0.6% to $ 173,68 to serve.
Valor Economico
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