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09/03/2018 - 17:58hs

Coffee exports to Arabs fall 15%

According to Cecafé, the sector’s association, countries from the region bought 199,500 bags of coffee in the first two months. Revenues also slid 22.6%.

São Paulo – The Arab countries bought 199,524 60-kg bags of coffee from Brazil in the first two months of the year, according to data from the Brazilian Coffee Exporters Council (Cecafé) released this Friday (9). The volume is 15% less than the volume exported in 2017’s first two months, when coffee exports to Arabs totaled 233,861 bags.

Exports to the countries from the region generated USD 30.8 million in revenues in the period, down 22.6% in the same comparison.

According to Cecafé, Brazil exported the total of 2.355 million of bags of coffee last month, a decline of 9.1% over February of last year. Revenues totaled USD 377.4 million, down 17.6% - the average price of a bag slid 9.4% in the period to USD 160.14.

Year-to-date, 5.04 million bags were exported, a drop of 3.8% in comparison to last year’s first two months. Revenues reached USD 807.9 million, down 12.5%.

However, this negative variation hasn’t worried Cecafé’s president, Nelson Carvalhaes. In a statement, the executive said that the results are within expectations and that the more modest exports haven’t taken away the large market share of the Brazilian coffee in the international market.

“We have to consider that February was a shorter month, which, inevitably, impacts exports. Our expectation is that the market continues to move at this pace until the arrival of the new crop, in July, when we expect a possible increase in exports,” said Carvalhaes.

*Translated by Sérgio Kakitani

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