Coffinance News – Data released on Monday by Brazil’s Secretariat of Foreign Trade (Secex) showed that green coffee exports from Brazil had already surpassed the total volume recorded for the entire August of last year by the third week of this month, with the average daily export volume climbing by more than 50%.

As of August 24, Brazil exported 153,800 tonnes of green coffee, compared with 142,900 tonnes for the whole of August last year.

In terms of daily averages, Brazil shipped 10,250 tonnes of green coffee per working day this August, well above the 6,800 tonnes per day seen in August last year.

The strong surge in Brazil’s August coffee exports comes amid forecasts for a record national output this year, following weaker-than-expected July shipments and harvest delays caused by rainfall.

To date, Brazil has completed harvesting over 90% of its new-crop coffee output. Market attention is increasingly shifting toward weather conditions during the flowering period for next season’s crop.

In a Monday report, StoneX noted “significant” rainfall is expected across Brazil this week, with rising precipitation in the Cerrado region and changing conditions in other Arabica-growing areas including southern Minas Gerais, São Paulo and Matas de Minas.

It added that fresh showers forecast for early September may trigger widespread flowering across most Arabica coffee zones.

© Copyright Statement: This article is collated from online sources and the copyright belongs to the original author. Some articles reposted on this platform are for sharing and discussion only, not for commercial use. Please contact us for removal if there are objections or copyright infringement issues.