LatinNews Daily - 13 July 2023

* Brazil’s national council of coffee exporters (Cecafé) has released the figures for exports during the latest harvest cycle (July 2022-June 2023), registering 35.63m sacks of coffee (one sack = 60kg), down 10.2% from the 39.69m sacks exported during the 2021/22 cycle. Exports in June this year (2.64m sacks) saw a year-on-year decrease of 17.2%, but saw a monthly increase from the 2.45m sacks exported in May. Cecafé’s president, Márcio Ferreira, highlighted a recent drop in exports of arabica coffee, which he attributed to adverse climate conditions. However, Ferreira pointed out the relatively strong performance of robusta coffee exports in June and called for Brazilian exporters to take advantage of the current favourable prices for robusta and of the fact that international competitors, such as Vietnam, have not yet completed their robusta harvest cycles.

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