Search Results for: export revenue
Ethiopia's October coffee export revenue soared to $155 million, driven by growth in both production and prices
Ethiopia's coffee industry delivered an impressive report card in October: export revenue surged 66% year-on-year to US$155.53 million, with export volumes exceeding 35,000 tonnes. High global coffee prices combined with increased production drove this growth, with cumulative export volumes from July to October rising 71% year-on-year. However, the ongoing conflict in Amhara State and disruptions to Red Sea shipping are putting pressure on this East African coffee powerhouse in the form of rising prices and mounting transport costs. This article reviews the latest data, conflict developments, and their potential impact on the coffee industry. [more…]
Uganda's coffee exports fell by 30% in March; the government injects funds to boost production and targets the Chinese market.
The latest monthly report from the Uganda Coffee Development Authority shows that coffee exports in March amounted to 329,686 60-kg bags, generating revenue of 246.8 billion shillings (approximately US$64.74 million), a marked decline from February, with a year-on-year drop of 32.4% in volume and a 9.45% decrease in revenue. Heavy rains triggered by El Niño battered the main harvest season, causing cherry drop and reduced yields. Nevertheless, on a coffee-year basis, total exports still reached 5.9 million bags, with revenue up 16.91% year on year. Robusta prices rose amid tight supply from Vietnam, and Uganda benefited as a result. The government is seeking funding to establish a traceability system and improve mechanization, while the president has set a target of 20 million bags by 2025. Uganda is also bullish on China's 15%-20% annual growth in coffee consumption and hopes to expand exports to China. [more…]
Vietnam's coffee export revenue reached 3.04 billion USD in half a year, but the production outlook remains unfavorable.
Latest data from Vietnam Customs shows that in the first half of this year, the country's coffee export revenue reached US$3.04 billion. Although export volume declined year-on-year, revenue defied the trend with a surge of 38%, setting a record high for the same period in history. International market prices have continued to strengthen, and domestic green bean prices remain high, driven by Vietnam suffering its worst drought in nearly a decade, which has damaged coffee crops on a large scale. Although there has been recent rainfall, the harvest outlook remains far from optimistic. At the same time, La Niña may form in the second half of the year, and global coffee production may be only limitedly affected. This article will sort through key information on Vietnam's coffee exports, prices, weather, and market sentiment, and pay attention to Front Street Coffee's latest observations on the market. [more…]
Ethiopian Coffee Exports Set New Record, Five-Year Plan Aims for $6 Billion Target
Recently, Ethiopia announced that its coffee export revenue for the 2025/26 fiscal year exceeded US$3 billion for the first time, reaching a historic high. Ethiopian Minister of Agriculture Adisu Arega stated that coffee export revenue for this fiscal year grew by 13% compared with the previous fiscal year, and the coffee industry continues to remain the country's largest agricultural [more…]
Brazil's November Coffee Exports Up 5.4%, Strikes and Logistics Hurdles May Weigh on Subsequent Shipments
According to the latest data from the Brazil Coffee Exporters Council, Brazil's coffee exports reached 4.662 million bags in November, up 5.4% year-on-year, while export revenue surged 62.7% due to rising international prices. Cumulative exports in the first 11 months of this year have set a new historical record, but fell month-on-month, as producers slowed sales amid higher futures, exchange rate fluctuations and uncertainty over the new crop season. At the same time, port logistics bottlenecks and an indefinite strike by customs auditors from the Federal Revenue Service are bringing additional costs and delay risks to the export chain. With both Brazil and Vietnam troubled by drought and global supply tightening, Arabica and Robusta futures continue to climb, and coffee prices are expected to remain high in the short term. Follow origin developments, and Front Street Coffee will continue to bring frontline news. [more…]
Vietnam's coffee production is expected to decline by 5%-7%, the logic behind the continued rise in Robusta prices
The Vietnam Coffee and Cocoa Association released a report at the Asian International Coffee Conference held in Ho Chi Minh City, projecting Vietnam's coffee output for the 2024/25 crop year at 28 million bags, a decline of 5%-7% from the previous season. Despite the upward revision in production expectations, Robusta coffee futures prices still surged sharply to $4,907 per ton, with analysts suggesting they could further break through $5,000 per ton. Domestic coffee prices in Vietnam have subsequently rebounded, and export revenue has grown significantly, but heightened market volatility has led traders and coffee farmers to adopt a wait-and-see attitude. Multiple factors, including severe weather, geopolitical tensions, and rising freight costs, continue to affect Vietnam's coffee industry. Front Street Coffee brings you an interpretation of the latest developments in origin regions. [more…]
Vietnam's coffee export revenue reached 3.22 billion USD in the first half of the year, yet exporter Vinacafe reported losses, with cumulative losses exceeding one trillion dong.
In the first half of 2024, Vietnam's exports of agricultural, forestry and fishery products reached about US$29.2 billion, up 19% year on year, with coffee standing out at US$3.22 billion in export value; although export volume fell 10.5%, a 50.4% rise in the average price drove the growth. However, Vietnam's largest coffee company, Vinacafe, has reported losses; although it achieved its first profit in 2023, its cumulative losses still exceed 1.09 trillion Vietnamese dong. A combination of aging coffee plantations, severe weather, rising fertilizer prices and the Red Sea crisis is putting pressure on Vietnam's coffee industry. This article takes you behind the joys and worries of Vietnam's coffee exports. [more…]
A major strike by Brazilian tax officials has affected major ports, hindering customs clearance for coffee exports, and prices may rise slightly.
Tax auditors from Brazil's Federal Revenue Service launched a strike from January 22 to 26, affecting major import and export channels including the Port of Santos and Guarulhos International Airport. During the strike, only perishable, fresh, dangerous goods, and pharmaceuticals and foodstuffs can obtain customs clearance; green coffee beans, as a primary agricultural food product, are not included in the release list and will be temporarily detained. The Port of Santos is expected to be unable to process 6,500 import declarations and 4,000 export declarations, and the port had already been experiencing severe congestion due to aging equipment, lagging management, and insufficient manpower, with 76% of vessels delayed in December. Combined with the impact of the Red Sea situation, coffee prices may continue to edge upward in the short term. This article will outline the scope of the strike, the affected goods, and the chain reaction in the market, and includes Front Street Coffee-related recommendations. [more…]
2024-2025 Ethiopia Coffee Export Report: Ethiopia's Main Coffee Export Destinations and Production
Ethiopia is not only the birthplace of Arabica coffee but also one of the world's major suppliers of high-quality coffee beans. Coffee occupies a central position in Ethiopia's economy, culture, and trade. In 2024-2025, Ethiopia's coffee export volume and export revenue both reached historic highs, marking [more…]
Ethiopia Aims for $2 Billion Coffee Exports in New Fiscal Year, Opportunities and Challenges Coexist
Ethiopia is striving to expand its coffee cultivation area and trade scale, aiming to achieve coffee export revenue exceeding 2 billion USD in the 2024/25 fiscal year. Over the past five years, the country has planted billions of coffee trees and introduced mechanized assistance, with export volumes in October of this fiscal year showing a significant year-on-year increase. However, the industry still faces price volatility, exchange rate risks, and uncertainties brought about by the new pricing mechanism. Meanwhile, Ethiopia and Somalia have signed the Ankara Declaration, which is expected to open up new maritime routes and alleviate logistical bottlenecks in coffee exports. This article will review the latest developments and prospects of Ethiopia's coffee industry. [more…]
Ethiopian armed conflict spreads to western coffee regions, hidden concerns emerge behind record exports
Oromia, Ethiopia, has recently seen a string of kidnappings and armed attacks, and the conflict has spread to the Lekanti coffee-producing area in the west and the town of Asela near the Sidama-producing area. Meanwhile, the country's coffee exports in August hit a record high, with export value rising sharply year on year. However, multiple factors—continued conflict, currency depreciation, and the impending implementation of the EU's deforestation regulation—have filled the prospects for Ethiopia's coffee industry with uncertainty. This article reviews the course of events and the impact on the industry for coffee lovers' reference. [more…]
Ethiopian Birr Depreciates by Nearly 70%, Coffee Export Revenue and Industry Struggles Coexist
The Ethiopian Coffee and Tea Authority signed a memorandum of understanding with the Oromia Tourism Commission, seeking to use coffee to drive tourism development. In the previous fiscal year, the country earned US$1.4 billion in foreign exchange from coffee exports, but the industry is broadly worried about the impact of the sharp fall in the exchange rate—the birr has depreciated by nearly 70% against the US dollar, and the local cost of living has risen sharply, with prices of staple foods such as onions, cooking oil and teff soaring. The government is releasing supplies to stabilize prices while preparing to regain AGOA eligibility. However, with the cloud of armed conflict still hanging over the country, the coffee industry faces multiple pressures from rising cultivation costs, limited productivity and political instability. [more…]
Ethiopia's May Coffee Exports Exceed Targets, but Civil War and Red Sea Crisis Weigh on Prospects
The latest data from the Ethiopian Coffee and Tea Authority shows that the country's coffee exports in May reached 43,481.02 tons, exceeding the target by 105% and generating 209.54 million US dollars in revenue. In the first 11 months of this fiscal year, cumulative exports reached 252,466.98 tons, with foreign exchange earnings of 1.208 billion US dollars, on track to break last fiscal year's record of 1.3 billion US dollars. Saudi Arabia, South Korea and the United States top the list of export destinations, while China's imports continue to grow. However, the ongoing civil war in Amhara region, the government's large-scale military deployment, and the Red Sea shipping crisis are casting a shadow over this landlocked country's coffee exports. Front Street Coffee continues to follow developments in the producing regions, bringing frontline news to enthusiasts. [more…]
Ethiopian coffee exports earn $570 million in half a year, seeking a way out through the Somaliland port agreement
The latest data from the Ethiopian Coffee and Tea Authority shows that in the first half of the 2023/24 fiscal year, the country's coffee exports reached 117,900 tons, with export revenue exceeding US$570 million. As one of Africa's most important coffee-producing countries, Ethiopia's coffee industry is facing the dual test of global market volatility and regional conflict. At the same time, in order to escape the predicament of being a landlocked country and broaden its export channels, Ethiopia signed a port lease memorandum of understanding with Somaliland, obtaining a 50-year right to use the Port of Berbera in exchange for recognizing Somaliland's independence. This article will review the latest developments in Ethiopia's coffee exports, the challenges it faces, and the far-reaching impact of this port agreement on the country's coffee trade. [more…]
Brazil's April coffee exports surged 53.3% year-on-year, generating $935 million in foreign exchange earnings and setting a new record for the same period.
Latest data from the Brazil Specialty Coffee Association (Cecafe) shows that Brazil's coffee exports performed strongly in April this year, with a total of 4.222 million 60-kg bags exported, up 53.3% year on year, setting a record high for that month and generating US$935.3 million in foreign exchange earnings, an increase of 52.6% year on year. In the first four months of this year, cumulative exports reached 16.242 million bags, with revenue of US$3.444 billion, both setting all-time records. Arabica still accounted for 76.77% of total exports, while robusta export volume rose 528% year on year. Tight global supply, reduced production in Vietnam and the Red Sea crisis pushed up market demand and coffee prices. However, severe delays at major ports such as Santos, combined with the risk of frost in the south, mean subsequent exports still face the dual challenges of logistics and weather. [more…]
Vietnam's coffee crop failure pushes up Robusta prices, extreme weather and EUDR pose dual challenges to the industry
Recently, Arabica futures have continued to climb, hitting a 13-year high, with Robusta futures closely following, with prices approaching the $5,000 per ton mark. Behind this rally, the reduced coffee output in Vietnam has become a market focus. Although Vietnam's coffee export revenue hit a record high in the 2023/24 season, uncertainty brought by drought, typhoons, and the EU's zero-deforestation regulation is casting a shadow over this globally important Robusta-producing region. This article will review the current state of Vietnam's coffee production and sales, the impact of weather, and the main risks it faces in the future. [more…]
Honduras coffee export volume rises while prices fall, approval for direct supply to China may become a new growth point
Honduras, as the largest coffee producer in Central America, has recently presented a complex situation of rebounding export volumes but declining revenue. In February 2024, Arabica sales increased by 26% year-on-year, yet export earnings fell by 20% in the first four months of this harvest season. Against the backdrop of traditional buyers being concentrated in seven countries across Europe, the Americas, and Asia, Honduras is actively seeking market diversification. As China allows direct imports of its green coffee beans and more companies obtain certification for exports to China, this Central American country's coffee industry has welcomed new opportunities. The expansion of cafes in Chinese cities and rising demand among young consumers have injected strong momentum into Honduras's coffee exports. [more…]
Brazil Adjusts PIS-Cofins Tax Credit Rules, Coffee and Other Agricultural Exports Under Pressure, Global Prices May Rise Further
The Brazilian government recently submitted an executive order to Congress aimed at tightening the rules for the use of federal PIS-Cofins tax credits, with the goal of closing tax loopholes across multiple industries and supporting the objective of eliminating the fiscal deficit this year. However, this move has met strong opposition from the agricultural sector, with exporters of coffee, meat, fruit, grains and other products expected to see revenues fall by 26.3 billion reais. The Brazilian Coffee Exporters Council pointed out that the new rules will increase corporate cash flow pressure and operating costs, potentially triggering food inflation and unemployment, and weakening the international competitiveness of Brazilian coffee. Meanwhile, severe weather in Vietnam has led to reduced production and already pushed up coffee futures prices, and a slowdown in Brazilian exports could further fuel the rally. Notably, Luckin Coffee has signed a memorandum of cooperation with the Brazilian side, planning to purchase about 120,000 tons of coffee beans over the next two years, which brings good news for Brazilian exports. Front Street Coffee reminds enthusiasts to pay attention to the impact of policy changes on the coffee market. [more…]
Kenya's customs system was down for five consecutive days, severely disrupting coffee exports through the Port of Mombasa and causing heavy losses.
The Kenya Revenue Authority's Integrated Customs Management System (iCMS) suffered a sudden technical failure that went unrepaired for five consecutive days, severely disrupting operations at the Port of Mombasa and leaving coffee and tea worth billions of Kenyan shillings stranded at the port, unable to be exported. This is not the first time the system has encountered problems; a similar incident occurred in April 2023. As the largest port in East Africa, the Port of Mombasa serves several landlocked countries, and this failure has not only hit Kenya's own trade but also affected the export of coffee and other agricultural products from surrounding areas such as Tanzania, Uganda, and Rwanda. At the same time, Kenyan coffee auction prices have hit a new high for the year, demonstrating strong international demand for its high-quality coffee. [more…]
Brazil's coffee exports in February climbed nearly 50% year-on-year, with robusta particularly standing out
The latest report from the Brazil Coffee Exporters Council shows that despite ongoing vessel delays at major ports such as Santos, Brazil's coffee exports in February achieved a year-on-year increase of nearly 50%, with robusta coffee setting a historic record. Cumulative shipments over the first two months grew by more than 40%, with foreign exchange earnings rising in tandem. Meanwhile, China, as an emerging partner, saw its imports surge by 158.8%, offering new possibilities for Brazil's future coffee supply. This article will review the export data, the current port situation, and key changes in the international competitive landscape. [more…]