• Categories
  • Archives

Coffee Prices Rise 26% and Brazil Boosts Its World Share to 29.7%

Brazilian coffee for export Brazilian coffee exports totaled US$ 423.21 million in October, a 26.6% rise over the same month of last year, according to data disclosed this Monday, November 5, by the Brazilian Coffee Exporter Council (CeCafé). A total of 2,790,863 60-kilogram bags were exported, virtually the same amount as in October 2006. The growth rate was only 0.3%.

The director general at CeCafé, Guilherme Braga, said foreign sales have resumed their regular pace last month, as informed by the press office at the organization. In the accumulated result for the year, coffee exports totaled US$ 3.14 billion, 22% more than in the same period of 2006. The volume shipped from January to October was 22,967,429 bags, a 6.6% increase.

In the last 12 months the country shipped 28,772,940 bags and posted revenues of US$ 3.86 billion from coffee exports. Furthermore, according to the International Coffee Organization (ICO), the Brazilian participation in the global market increased from 28.9% to 29.7% during the same period.

According to the CeCafé, the average price for a bag of coffee reached US$ 152 in October, a 26% rise in comparison with the same month of 2006.

Germany, the United States and Italy were the three main markets for Brazilian coffee from January to October, and 70% of total Brazilian exports were shipped through the Port of Santos, in the coast of the southeastern Brazilian state of São Paulo.

Anba

Tags:

  • Show Comments (1)

  • SWISS PRIDE

    OHH OHH OHH LET ME GUESS…
    IT’S GOTTA HAVE SOMETHING TO DO WITH CH.C ‘S COFFEE PLANTATION IN BAHIA NATIONAL PARKS!!! LAUGH LAUGH LAUGH!!!!

Your email address will not be published.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

Enduring Scandal Drags Brazilian Stocks Down

Latin American markets were mostly weaker today, as Brazil posted a more meaningful decline ...

Another Serious Trafic in Brazil: Genes and Traditional Knowledge

Only 12 countries are considered mega-biodiverse, that is, they have 70% of all the ...

U.S. Goes to Brazil to Fight Corruption

2005 will be a very important year for our Hemisphere on the subject of ...

World Cup: On Behalf of 201 Million Brazilians, I Welcome All Visitors

Starting this Thursday, the eyes and hearts of the world will all be turned ...

Condoleezza Is Bad News for Brazil and Latin America

Rice’s outdated Cold War credo suggests her term at the helm of the State ...

Brazil Petrobras’s US$ 4 Billion in Bonds Pay Up to 7%

State-controlled Brazilian oil and gas multinational Petrobras launched US$ 2.5 billion of 2020 bonds ...

Furniture and Appliances Boost Brazil’s Retail Sales

Retail sales in Brazil grew 2.67% in May in comparison with May, 2004. The ...

Case of American Pilots Involved in 154 Deaths in Brazil Back in Court

The Brazilian court is once again dealing with the freak 2006 aviation accident that ...