Loss of 480 million yuan! Brazilian ports delay coffee exports
According to local media reports in Brazil, the spot price of Arabica coffee in Brazil has risen wildly since November. The price of a bag of 60kg coffee is now at 1805.68 reais (about US $311), up 18.3% in that month. And the price is the highest in nearly 26 years.
The spot price of Arabica coffee remained around R $1500 per bag in early November, but prices continued to rise as coffee inventories declined, coffee production for Brazil 2024x25 fell, uncertainty about the future 2025Cand26 production season and the sharp appreciation of the US dollar against the Brazilian real continued to push prices higher.
After severe droughts in August and September, Brazil began to resume rainfall in October, but the rainfall was unstable, with heavy rains in some areas and only a small amount of Rain Water in some areas. this situation has been affecting the growth of coffee plants.
At present, the rainfall in Minas Gerais, the main producing area of Brazilian Arabica coffee, is still unstable, the rainfall has been below average, the soil moisture is still very low, and the temperature is high. Even if the coffee crop is in good flowering condition at present, it is not guaranteed to have good production. As a result, many producers are worried that there will be more serious harvest failures in the harvest season.
In terms of Robusta coffee, the spot price also rose, but by a small margin, up 8.27% from the end of October to 1570.79 reais per bag. Production is expected to increase because Robusta coffee is better grown in Brazil than in Arabica and is more adaptable to the harsh climate, but spot prices in Brazil are also rising as international coffee prices are high.

However, the problem of delays in Brazilian ports is still serious. Earlier in September, it was reported that 2.15 million bags of coffee were stranded at the port and could not be exported, and in October, according to the Brazilian Association of Coffee exporters (Cecafe), exports reached a record 4.926 million bags, with delays improving at the port, but 1.7 million bags were still stranded at the port.
Cecafe said that as a result of repeated delays, Brazil had accumulated a total of 1.717 million bags (5203 containers) of coffee products, with a cumulative shortfall of US $489.72 million in foreign exchange earnings based on the average export price of US $285.21 per bag (raw coffee beans) by FOB in October. Coffee exporters lost 6.986 million reais due to additional costs such as storage, detention, pre-stacking and so on.
Among Brazilian ports, Santos is Brazil's most important coffee export port, but ships have the highest delay rate of 74%, followed by Rio de Janeiro, the second largest coffee export port, with a delay rate of 70%.
In addition, Brazilian growers have also suffered from rising costs in recent days, mainly due to the collapse of the Brazilian currency, the real, to an all-time low and the strengthening of the dollar. On November 28th, the commercial dollar closed at 5.989 reais, up 1.3% a day, after the highest exchange rate of the day broke through the level of 6 reais.
Coffee is mainly traded in US dollars, and although the depreciation of the real can enhance the price competitiveness of Brazilian coffee in the international market, growers face pressure from rising import costs and exchange rate fluctuations, which will eventually lead to a sustained rise in coffee prices.
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