Brazil has achieved record coffee export figures: revenue amounted to $14.728 billion, which is 49.5% higher than last season, according to the annual report of the Brazilian Coffee Exporters Council.
Brazil is the largest producer and exporter of coffee. However, according to the president of the Brazilian Coffee Exporters Council, Marcio Ferreira, the record revenue was achieved not by increasing production, but due to the growth of world prices for the beloved crop. “Coffee prices, especially in the second half of 2024, have increased significantly due to a decrease in the production capacity of the world’s leading producers, which has been observed almost everywhere over the past five years,” he said. “As a result of climate fluctuations, coffee plantations in countries such as Brazil, Vietnam, Colombia and Indonesia have suffered. Because of this, the cost of coffee in the world has increased significantly.”
Brazilian coffee was shipped to 115 countries. In physical terms, the volume of coffee exports from Brazil decreased by 3.9% compared to the previous season. In total, it amounted to 45.589 million bags of 60 kg each, which is equivalent to 152,938 containers. The United States was the leader in purchases. It was followed by Germany, Italy, Belgium and Japan. The Brazilian Coffee Exporters Council emphasizes that the upward trend in world coffee prices is likely to continue, especially given the tariff policy of the US administration and ongoing climate change.
Earlier, US President Donald Trump announced the introduction of 50% duties on Brazil, which should come into force on August 1 if the countries fail to reach an agreement. The United States is the largest buyer of coffee, and a third of all imports come from Brazil. The duties will force importers to look for alternative suppliers, the number of which is limited, which will inevitably lead to an increase in prices first in the United States and then, most likely, in other regions.
