Foreign exchange revenue from coffee exports totals US$5,4 billion by November 2021

With the inflow of US$ 570,6 thousand in November, foreign exchange revenue from Brazilian coffee exports increased to US$ 5,4 billion in 2021, showing an increase of 5,9% compared to the inflows obtained in the same period of 2020. In the same period, the volume shipped fell by 10%, closing the first 11 months of this year at 36,3 million 60 kg bags. The data is part of the monthly statistical report of the Brazilian Coffee Exporters Council (Cecafé).

According to the entity's president, Nicolas Rueda, the positive revenue performance reflects a strong exchange rate scenario and high international product prices. “We have experienced moments of very high volatility in the market, with prices approaching historic levels in reais. The average price of exports in 2021, of US$148,81 per bag, is the highest since 2017. In addition, the dollar remains strengthened against the real, which favors the growth of the inflow of resources to Brazil with coffee shipments ”, he explains.

Regarding the drop in export volume, Rueda notes that it results from the impact of the continued logistical bottlenecks in global maritime trade and the lower harvest harvested by Brazil in 2021. “In view of the lower harvest this year, we continue to live with competition for containers, space on ships, successive cancellations of bookings, extremely high load rolls and freight. This scenario is worrying, since experts in the segment indicate that it will last until 2022, due to the large volume of agricultural products accumulated in Brazilian ports, which will impact the performance of our shipments”, he projects.

According to him, in addition to the logistical problems that “are part of the new normal”, it is important to remember that the production chain has been making its transition to the 2021/22 harvest, which is a low cycle and much lower than the previous record harvest. “Therefore, the potential measured through export volumes should continue to record a negative trend, a completely normal and expected phenomenon due to lower production volumes”, he argues.

The president of Cecafé considers, however, that, even in the face of recent difficulties, it is worth highlighting the resilience and innovation of Brazilian coffee exporters. “With the consent of importers at destination, these professionals challenged classic container-based logistics and looked for alternatives, such as, for example, the 'break bulk' modality. All with the aim of overcoming bottlenecks arising from the lack of containers and maritime frequencies”, he adds.

HARVEST YEAR

In the first five months of the 2021/22 coffee season, Brazil records the best foreign exchange revenue in the last five years. The country earned US$2,6 billion by sending 15,3 million bags from July to November, a performance that represents an increase of 4,4%, but a decline of 24,5% in volume.

MAIN DESTINATIONS

In the year to date, Brazil exported coffee to 121 countries, with the United States remaining at the top of the ranking by purchasing 7,072 million bags, a volume 2,9% lower than that measured between January and November 2020. This amount represented 19,5 % of the country's total shipments to date.

Germany, with a representation of 16,3%, imported 5,917 million bags (-12,9%) and occupied second place in the ranking. Next comes Italy, with the purchase of 2,614 million bags (-9%); Belgium, with 2,454 million (-27,6%); and Japan, with the acquisition of 2,241 million bags (+5,7%). It is worth highlighting the performance of exports to Colombia. The neighboring country imported 1,037 million bags from January to November, which represented an increase of 39,2% compared to 2020 and 2,9% of total Brazilian shipments throughout 2021.

TYPES OF COFFEE

Arabica coffee was the most exported year to date, with 29,219 million bags shipped abroad, which corresponded to 80,5% of the total. The canephora variety (robusta + conilon) had 3,459 million bags shipped, representing 9,5%. Next come the soluble product segments, with 3,569 million bags (9,9%), and roasted and roasted and ground coffee, with 41.096 bags (0,1%).

PORTS

The Santos maritime complex (SP) is the main exporter of coffee from Brazil this year, with 27,730 million bags shipped between January and November, which is equivalent to 76,4% of the total. Next come the ports of Rio de Janeiro, which accounted for 16,7% of shipments by sending 6,074 million bags, and Vitória (ES), with the shipment of 1,015 million bags abroad and representing 2,8% .

The complete report on coffee exports in November 2021 is available on the Cecafé website: http://www.cecafe.com.br/.