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Cecafé: Brazilian coffee exports hike

Brazil shipped 3.45 million 60-kg bags of green coffee in October, up 33 percent from a year earlier, boosted by a record crop, exporters association Cecafé said on Thursday (Nov. 8).

However, Cecafé said in its report that traders still face space restrictions in container ships leaving Brazil, which limited the volume shipped in October.

“If it were not for that, we could have reached 4 million bags of exports in October,” he said.

Container ship liners have reduced the number of trips to and from Brazil in the last two years amid a global consolidation in the shipping industry and due to the country’s recent deep recession, which reduced export/import activity.

The Cecafé report confirmed the recovery of Brazilian robusta sector, the type of coffee mostly used by the instant coffee industry. Production of this kind of coffee was sharply reduced in the previous two years due to adverse weather conditions.

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Source: Nasdaq
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