Year-to-date through October, Brazil exported 1.6 million bags of coffee to the Arab countries. The region accounted for 4.6% of Brazil’s coffee exports.
Coffee exports from Brazil to the Arab countries climbed 8.1% year-to-date through October from a year ago, Brazilian Coffee Exporters Council (Cecafé) reported on Wednesday (11). Coffee exports to the Arab world reached 1.61 million bags year-to-date through October, from 1.49 million bags in 2019.
Revenue from the sales to Arabs, though, was down 4% year on year, to USD 166.4 million year-to-date through October from USD 173.5 million a year ago. This means Brazil sold coffee for lower prices to the region. In terms of volume, the Arabs accounted for 4.6% of all the coffee Brazil exported through October, up from 4.3% a year ago.
Despite the increase, the Arabs are hardly Brazil’s coffee top buyers. Year-to-date through October, Europe accounted for more than a half of the purchases, at 51.8%, and North America for 22.9%. By countries, the top destination of the exports were the United States, Germany, Belgium, Italy, Japan, Turkey, Russia, Spain and Canada.
Total coffee exports from Brazil were up 1.9% year-to-date through October, to 35 million bags, and up 3% in revenue, to USD 4.4 billion. The volume and the revenue were the biggest amount in five years, and the average price was up 1% from 2019. Arabica coffee accounted for 78.4% of the sales.
August saw 4.1 million bags of coffee shipped from Brazil, up 11.5% from a year ago, a new record-high in October exports and the second-biggest amount this year. Foreign exchange revenue came out to USD 509.6 million, up 8.5 % over October 2019, or BRL 2.9 billion, up 49.4% in Brazilian currency over October 2019.
SOURCE: Brazil-Arab News Agency (ANBA)
