Brazil\nshipped 4.07 million bags in October, according to Secex, between green and\nsoluble coffee, up 12% from the same month last year. Export revenue reached USD\n502.87 million, up 14% from October last year. In the first 4 months of the\n20\/21 business season, shipments amounted to 14.76 million bags, up 7% from the\nsame period of the previous season. Revenue grew by 11% in the period, totaling\nUSD 1.76 billion.<\/p>\n\n\n\n
Shipments should\ncontinue accelerated over the next few months. Secex partial data for green\ncoffee in November indicate total shipments of 3.5 million bags until the 22nd<\/sup>.\nIt is very possible that exports will once again exceed the level of 4 million\nbags and, so leading annual shipments to reach 43 million bags in 2020, as\nprojected by Cecaf\u00e9. This external flow must keep the world market well\nsupplied from Brazil, which tends to alleviate the interest in demand at our\nports.<\/p>\n\n\n\n FOB Brazil differentials remain weak,\nexcept for conillon. Brazil\u2019s record crop in 2020 and a very high dollar\nexplain the loss of relative value of Brazilian coffee in the international\nmarket. The difference remains high, even after the recent recovery of export\nbases, and weaker differentials mean that Brazilian coffee is relatively\ncheaper in the world market.<\/p>\n\n\n\n Good cup 14\/16, for example, is\ncurrently trading at -30 cents against ICE U.S. Even after the recent high, it\nremains well below the average for the period and far from the same period last\nyear, when it exchanged hands at around -15 cents. The best cups ended up\nlosing value against the NY benchmark. Besides the dollar and record production,\nthe scarcity of mild coffees (low certified stocks in NY) also helped to\nintensify the negative detachment of Brazilian natural coffees from the \u2018C\u2019 contract\nin NY (washed coffees).<\/p>\n","protected":false},"excerpt":{"rendered":" Brazil shipped 4.07 million bags in October, according to Secex, between green and soluble coffee, up 12% from the same month last year. Export revenue reached USD 502.87 million, up 14% from October last year. In the first 4 months of the 20\/21 business season, shipments amounted to 14.76 million bags, up 7% from the […]<\/p>\n","protected":false},"author":7,"featured_media":9046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[103],"commodity":[],"class_list":["post-21718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights-en","tag-coffee-en"],"acf":[],"yoast_head":"\n