Coffee review

Brazil exports more Robusta through Victoria Harbour, but the future export outlook is uncertain.

Published: 2024-04-16 Author:
Last Updated: 2024/04/16, Recently, Brazil released the export of Victoria Harbour. In November, Victoria Harbour, Brazil, exported more than 844000 bags (60 kg each) of coffee, the fourth largest month in the port's history, compared with 1 million bags in August and 968000 in September 2002.

Recently, Brazil released the export of Victoria Harbour. In November, Victoria Harbour, Brazil, exported more than 844000 bags (60 kg each) of coffee, the fourth largest month in the port's history, after 1 million bags in August, 968000 in September and 930000 in October 2002.

It is reported that the main export of coffee in Victoria Harbour is Robusta coffee from the state of Espiritu Santo, which is the largest producing area of Luo Bean in Brazil. According to the Victoria Harbour Trade Center, the export of robusta coffee from the port in November helped Brazil's Robusta export record in a single month.

The Victorian Coffee Trade Center said that the excellent performance in November could enhance the international competitiveness of Brazilian Robusta coffee. In addition, Brazil is becoming more efficient in logistics and has increased the supply of coffee with quality and sustainability certification.

But recently Reuters said Robusta coffee futures rose to their highest price since at least January 2008 on Wednesday because of climate-related concerns about the supply outlook. Arabica coffee futures also jumped to their highest level since July.

After peaking at $2810 earlier, Robusta coffee rose $45, or 1.7%, to $2669 a tonne. Arabica coffee peaked at $1.9195 a pound and stabilized at $1.8865 a pound by 3.4 cents, or 1.8 per cent.

However, the consumer said that such a high price is due to the low production due to the weather. Weather problems were also reported earlier by other large producers such as Indonesia and Vietnam. Due to the influence of El Ni ñ o, Indonesia experienced a severe drought after waterlogging, while Vietnam faced the impact of heavy rains and rainy seasons disrupted the harvest of coffee.

Brazil has also been affected, with soil moisture in the state of Espiritu Santo, Brazil's largest producer of Robusta, currently at its lowest level in seven years, according to LSEG's agricultural weather dashboard response. So now Brazilian farmers are in no hurry to sell, have struck a deal at a higher price last week, and are uncertain about the future weather, unable to estimate yields. According to Dutch bank Rabobank, Vietnam's Robusta coffee will appear in the future as it enters the harvest season.

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