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 and the Bully

I hope that the new totalitarian mentality in the US does not translate into ...

Brazil: A Touch of Despair at the PT Court

Let’s begin with the diagnosis issued last week by President Lula, one of the ...

Hearing the Book

CDs or Books by Keyword, Title or Author By Brazzil Magazine As the year ...

Brazil and Argentina Ready to Create Binational Nuclear Agency

Brazil and Argentina are intent on addressing the creation of a binational nuclear energy ...

Brazilian Development Minister Miguel Jorge

Minister Announces in Morocco Brazil Will Soon Get Investment Grade

Ministers of Arab and South American countries approved this Wednesday, May 23, in Rabat, ...

South American Union Born Amid Disagreements and Controversies

Unasur, the South American Union of Nations was officially born Friday, May 23, in ...

Brazil Justice Orders Google to Close Communities Promoting Drugs

Google has been ordered by Brazil’s Federal Justice to close immediately four Orkut communities ...

Brazil Praises Chile for Opposing Iraq War

During a speech, in Santiago, President Luiz Inácio Lula da Silva showered effusive praise ...

Brazil and Arabs Break New Trading Records

Trade between Brazil and the Arab countries broke new records in July. Bilateral trade, ...

Brazil Keeps Rescue Effort on Subway Collapse. Four Bodies Already Found

The danger of a new collapse that might bury rescuers is delaying the work ...