By Brazilian coffee exports experienced a decline in September, as growers opted to hold back from selling due to the low prices of Arabica beans, according to the exporters group Cecafe.
Decrease in Overall Exports
Last month, Brazil exported a total of 3.3 million 132-pound bags of coffee, marking a 5.3% decrease compared to the same period last year. The exports of Arabica coffee specifically saw a significant decline of 20.3%, with only 2.4 million bags being shipped. In contrast, the exports of robusta beans more than quadrupled to 624,999 bags from the previous year’s 149,757 bags.
Falling Demand for Processed Coffee
Cecafe revealed that there was also a decrease in the exports of ground, roasted, and soluble coffee by 15.9%, amounting to 268,683 bags.
Price Impact on Sellers
Cecafe President Márcio Ferreira attributed the decreased exports to the declining prices of Arabica coffee in the global market. He explained that these low prices made sellers hesitate to release more of their stocks, especially when coupled with weak demand from buyers.
In conclusion, Brazilian coffee exports faced a decline in September as growers demonstrated reluctance to sell due to the low prices of Arabica beans. This led to decreases in both overall coffee exports and the demand for processed coffee products.
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