Brazil exported nearly 40 million bags of coffee from its 2021/22 crop and achieved record revenues of $8.1bn, according to the Council of Coffee Exporters of Brazil (Cecafé)
.jpg.aspx?lang=en-GB&width=700&height=466)
The US was the main importer of Brazilian coffee during 2021/22, representing 20% of total exports | Photo credit: Diego Cato
A favourable exchange rate and industry professionalism contributed to the world's largest coffee producer generating record export revenues over the last year, according to the Brazilian Coffee Exporters Council (Cecafé).
Brazilian coffee exports generated $8.1bn in the last 12 months, with the 39% rise in revenues achieved despite a decrease in volumes exported, the industry body said.
Cecafé President Günter Häusler praised the positive performance of the Brazil's coffee farmers given reduced crop yields due to 2021 being the low point of Arabica’s biennial cycle, and ‘logistical bottlenecks’, including high freight costs, bookings cancellations and limited storage availability on shipping vessels.
Häusler also noted the 13.7% decline in volume occurred after a record harvest for the previous year. Cecafé’s latest monthly data indicates that the 39.6 million 60kg bags of coffee shipped from July 2021 to June 2022 falls within the average of the last five harvests, which is 39.5 million bags.
“Revenue, which registered historical value, is a reflection of the favourable exchange rate and the professionalism and exemplary work that Brazilian exporters have been performing in these times of challenges and difficulties, which allowed Brazil to maintain its representativeness in global trade and take advantage of the high international price levels”, Häusler said.
The US was the main importer of Brazilian coffee during the 2021/22 season, with the 8 million acquired bags representing 20% of total exports, followed by Germany (16.3%).
Colombia, the third largest coffee producer in the world, purchased 1.2 million bags during the period, ranking sixth in terms of volume imported. Exports to Russia decreased 20% amid the current Ukrainian conflict.
Arabica coffee was the most exported coffee type at 33 million bags, representing 83% of total shipments. Soluble coffee exports increased by nearly 3%, accounting for 10% of exports.