High Prices Guarantee Healthy Performance of Brazilian Coffee

Brazilian coffee exports grew 31.2% in October this year when compared to the same month last year, reaching US$ 328.9 million, according to figures supplied by the Brazilian Coffee Exporter Council (CeCafé).

Last month, Brazil exported the equivalent to 2.7 million 60-kilogram bags of coffee. The volume also represented an increase over the result in October 2005, but in that case the expansion was 25%. The good performance of coffee exports is mainly due to coffee price increases.

From January to October, Brazil exported 21.4 million bags of coffee, a reduction of 0.7% over the same months in 2005. In terms of revenues, there was an increase of 7.2%. This information was disclosed by the CeCafé.

A study by the National Food Supply Company (Conab) had forecasted in August that Brazil would produce 41.6 million 60-kg bags of coffee this year.

That volume would represent growth of 26.2%, or 8.6 million bags more than in the previous harvest, which totaled 32.94 million bags. Now those estimates seem to have been quite exaggerated.

Tags:

You May Also Like

Brazil: World’s Main Iron Ore Producer Raises Prices by 71.5%

Brazil’s Companhia Vale do Rio Doce (CVRD), the world’s largest iron ore producer, concluded ...

Brazilian President’s Closest Aide Involved in Senate’s Corruption Scandal

Brazil's chief of staff Dilma Rousseff, the closest aide to Brazilian president Luiz Inácio ...

Lula Tells Palestinians Their First Challenge Is to Break Israeli Blockade

Apart from seeking greater participation in the peace process between Israel and Palestine, Brazilian ...

Brazil in an Arms Race? No, It’s Just Housekeeping!

The choice of Latin American countries to buy fighter planes has brought about much ...

Brazilian factory

Brazil’s GDP Grows 4.3% in First Quarter Reaching US$ 307 Billion

Brazil's Gross Domestic Product (GDP) for the first quarter this year grew by 4.3% ...

Brazil Ready to Adopt European Light Rail Trains

Brazil may soon produce part of the system known as Light Rail Vehicle (VLT, ...

Brazil’s Speaker of the House Scolds US$ 44 Million Spent on Special Session

It is estimated that around US$ 44.44 million (95 million reais) were spent to ...

Brazil’s Lula Calls Education Expenses a “Sacred Investment”

Brazilian President Luiz Inácio Lula da Silva said that his Administration does not view ...

Brasí­lia Declaration Urges Nuclear-Free Zone for Middle East

Brazilian President Luiz Inácio Lula da Silva participated yesterday in the third and last ...

Brazilian Arab Community Offers Lula an Arab Dinner in Recognition

Next week, the Arab Brazilian Chamber of Commerce is going to pay homage to ...