Showing posts with label Coffee. Show all posts
Showing posts with label Coffee. Show all posts

Tuesday, 23 April 2019

Brazil sells 10 million bags of coffee in the first quarter of 2019

Brazil sold 10 million 60kg bags of coffee in the first quarter of 2019. The United States and Germany are the largest importers of Brazilian coffee. In the first quarter of 2019, the US imported 18.2% of the 10 million 60kg bags of coffee exported by Brazil in the first quarter of 2019. Germany was responsible for the purchase of 17.2% of the total of 10 million 60kg bags.

Italy, Japan, Belgium, Turkey, UK, Russia, and France are other major buyers of Brazilian coffee. However, China was where Brazilian coffee exports grew the most. The advance of coffee drinking in place of tea, especially among the younger population, is making China the newest promising market for Brazilian grain exports. In 2018, sales of green coffee from Brazil to China more than doubled.

This is a problem now because Jair Bolsonaro talked tough on China during his presidential campaign. For him, China, the largest trading partner of Brazil, acts as a predator, not a partner. This could greatly undermine the growth in commodity sales such as coffee, soybeans and iron ore to the Chinese. If the current government does not create a climate of commercial war with China, which would be very damaging to the Brazilian economy, coffee exports should continue to grow.

Brazilian coffee exports grew by 15% in 2018. Many experts believe that Brazilian coffee exports should continue to grow in 2019.

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