Brazil's green coffee exports accelerated noticeably in August. Data released by Brazil's Secretariat of Foreign Trade (Secex) shows that as of August 24, Brazil had exported 153,800 tonnes of green coffee this month, surpassing the 142,900 tonnes exported in the whole of August last year.
In terms of average daily exports, Brazil exported about 10,250 tonnes of green coffee per working day in August this year, compared with about 6,800 tonnes in the same period last year — a year-on-year increase of more than 50%. This change shows that, as coffee from the new crop gradually enters the circulation chain, Brazil's coffee export pace is picking up.
Brazil's coffee production this year is expected to be at a relatively high level, but earlier rainfall disrupted harvesting schedules in some producing regions, and July exports also fell short of market expectations. After entering August, harvesting and supply progress gradually recovered. At present, harvesting of Brazil's new crop is more than 90% complete, and market attention is beginning to shift from this season's harvest to flowering weather for the next season.
Weather remains an important factor affecting Brazil's coffee production going forward. In a report released on Monday, StoneX said that some of Brazil's coffee-producing regions are expected to see relatively significant rainfall this week, with rainfall possibly increasing in the Cerrado region, while weather in Arabica-producing areas such as southern Minas Gerais, São Paulo state and Matas de Minas will also change.
StoneX also expects that a new round of showers may occur in early September. For Arabica-producing regions, this round of rainfall is expected to prompt coffee trees over a relatively wide area to enter the flowering stage. Whether subsequent rainfall can persist and whether its distribution is even will become an important reference for the market in assessing coffee growing conditions for Brazil's next season.
The above content is compiled by CoffeeHunters, a coffee news website.
