Brazilian Coffee Monthly Update: October 2022

Our latest update about the Brazilian coffee industry. Read about exports, prices, weather, stocks, and crops.

• In September 2022, Brazil exported 3.4m bags, an increase of 19.4% MOM and 4.5% YOY. However, from January to September 2022, Brazil shipped 28.7m bags, down 3.9% YOY. While green arabica bean exports increased 3.3% YOY, green robusta shipments plunged by 61% YOY. High raw material prices and low arabica availability led many local roasters to increase the use of robusta in their blends.

• In October 2022, the spot barter ratio reached 2.8 bags/metric ton, the lowest level since March 2022 and an improvement of 10.4% MOM and 21.6% YOY. Lower global demand for fertilizers has driven a drop in urea and potash prices, which benefited the barter ratio index. However, the recent decrease in coffee prices should have a negative impact on the index in the coming weeks.  

• In September 2022, local arabica coffee prices averaged BRL 1,297/bag (60kg), a slight decrease of 0.3% MOM but still 19.3% higher YOY. In October 2022, coffee prices are averaging BRL 1,234/bag.  

• After a long dry period, rainfall returned to the main arabica-producing regions in September, resulting in a wave of flowering. In October, rains have been occurring at good levels, which should favor additional flowering and fruit setting. For the coming weeks, more rains are forecast. In the first week of October, a hailstorm hit some coffee-producing regions in the state of Minas Gerais. According to Emater-MG (the Technical Assistance and Rural Extension Company of the State of Minas Gerais), only 13,000 hectares were affected, mostly in southern and eastern regions of the state.

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