Brazilian Coffee Monthly Update: July 2022
Our latest update about the Brazilian coffee industry. Read about exports, prices, weather, stocks, and crops.
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• Brazil exported 3.1m bags in June 2022, an increase of 6.6% MOM and 2.1% YOY. From July 2021 to June 2022 (2021/22), 39.6m bags were exported, down 13% compared to the previous crop year. Despite the drop, this could be considered a positive result, especially given the logistical issues and a smaller coffee harvest in 2021.
• In July 2022, the spot barter ratio reached 3.68 bags/metric ton, a worsening of 0.5% YOY and 13% MOM. Despite the decrease in fertilizers prices, the recent drop in coffee prices has negatively impacted the index.
• In June 2022, local coffee prices averaged BRL 1,333/bag (60kg), an increase of 2% MOM and 49% YOY. In July 2022, coffee prices are averaging BRL 1,356/bag.
• June rainfall was below average in most of the coffee-producing regions. So far, the drier weather is favoring the coffee quality. Harvest delays have been reported in arabica regions. Uneven maturation and labor problems (availability and higher costs) are impacting the picking. Some private analysts have reported an acceleration in the harvest in the last week, but it remains slower than the average from recent years. Additionally, lower-than-expected yields have been reported in the current harvest.
