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Weekly Report - 17 October 2024 (WR-24-41)

BRAZIL: Coffee bucks trend of falling exports

Brazilian coffee exports are booming. The coffee sector posted bumper figures in September, with exports totalling 4.46m 60kg bags, up 33.3% year-on-year, according to the Conselho dos Exportadores de Café do Brasil (Cecafé), and the revenue generated by these sales hitting a record US$1.19bn, up 84.5% on the same month a year earlier, driven by high demand from key export markets in the US, Belgium, Germany, Italy, and Japan. The coffee boom was not replicated elsewhere in the agricultural sector, which contracted, resulting in a decline in Brazil’s overall trade surplus.

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