• Categories
  • Archives

Brazil to Unseat US as World’s Top Coffee Guzzler in 3 Years

Brazilian coffee The Brazilian Coffee Industry Association (ABIC) forecasts that Brazilian coffee consumption should rise from the current 16.33 million bag demand recorded in 2006 to 21 million bags in 2010, which will turn the country into the world's largest consumer of the commodity. This position is currently occupied by the United States, at an annual average of up to 20 million bags.

The figures of ABIC, disclosed yesterday, July 9, in the presence of the Brazilian Minister of Agriculture, Reinhold Stephanes, indicate that Brazil is the world's greatest exporter of coffee, with sales of 29.2 million bags for the 2006-2007 crop.

The volume is 19.1% superior to that of the previous crop. Consumption, still according to the ABIC, should grow by approximately 5% this year, whereas the global average is 1.5%.

The minister, who participated in the launch of the "Coffee Is Also Healthy" ("Café Também í‰ Saúde") campaign, aimed at turning the southeastern Brazilian city of Rio de Janeiro "capital of coffee" during the Pan-American Games, of the appreciation of the real (Brazilian currency) against the dollar, as these effects reduce the profit of agricultural exporters.

"The one thing I do not like is when the dollar depreciates too much, because the effects are unfavorable to the sectors that we defend. Now, if we export over US$ 50 billion in agricultural products, and import just US$ 6 billion, then what can we do? This generates a surplus, more dollars come into the country, and the price falls," he said.

In the minister's assessment, the dollar inflow has maintained a high price for the Brazilian real:

"There is currently an excess of dollars in the world and in Brazil, particularly, due to the fact that it is now attractive to investors. Our economic conditions are very good, but there is this problem with agriculture – and it came precisely when it was time for them to earn a bit more," he regretted.

ABr

Tags:

  • Show Comments (1)

  • João da Silva

    Brazil to Unseat US as World’s Top Coffee Guzzler in 3 Years
    The biggest joke of the recent times.Cant believe it ,Nielmar. We drink good coffee,served in prim and proper way (in porcelain cups). It has been for decades, while the poor Americans have to drink in Styrofoam (or plastic) cups. I think that it is a counter propaganda to say that we are not the leaders of drinking REAL and GREAT coffee. I dont think that it is fair to come out with this kind of disinformation.

    btw, if Starbucks wants to set up their operations, forget it. I am not going to be one of their customers. Coffee served in Styrofoam cups with plastic lids? You must be joking.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Indians and Farmers in State of War in Brazil

The almost 4,000 Terena people who live in the 2,090 hectares of the Buriti ...

Housing and Food Drive Inflation Up in Brazil

Inflation in Brazil during the period between July 14 and August 13, gauged by the ...

Brazil’s Wooing the Middle East

The sales from the state of Paraná, in the South of Brazil, to the ...

Brazil: The Transgenics Dilemma

The Brazilian Congress is divided over the issue of cultivation and sale of transgenics ...

Brazilian Inflation to Be Below 6%, But Above Government’s Target

Brazil’s Broad Consumer Price Index (IPCA) is expected to end the year at around ...

Brazil and Eight Other Countries Win First Round of Banana War

The World Trade Organization (WTO) ruled Monday, August 1st, in favor of Brazil and ...

Top Brazilian Grain Producers Launch Non-GM Association to Win EU

A group of companies from Brazil launched this Tuesday, September 9, the Brazilian Association ...

Amazon Fair in Brazil Draws Buyers from US, Canada and Japan

US$ 10 million in contracts were generated last week in Brazil during the business ...

Foreign Investment in Brazil and LatAm Might Drop Almost by Half

The Economic Commission for Latin America and the Caribbean (Eclac) has informed that the ...

Brazil Urged to Repeal Dictatorship-Era Anti-Press Law

Reporters Without Borders called today on Brazil to repeal its press offenses law, which ...