Monday, May 29, 2006
TOTAL BRAZILIAN EXPORTS WILL HIT 26 MLN BAGS IN 2006
Total Brazilian coffee exports (green plus solubles) are likely to hit 26 million 60-kg bags in 2006, staying at the same level of 2005, when the shipments hit 26.1 million bags. The estimate was made by the general director of the Green Coffee Exporters Council from Brazil (Cecafé), Guilherme Braga, who was interviewed by SAFRAS Agency at the XVI Santos International Coffee Seminar, that was held from May 16 to 19 in Guarujá, São Paulo. The projection fell a little compared with the start of the year, when the Cecafé forecast 27.1 million bags.
In May, according to Braga, the shipments must stay at 1.750 million bags, down 22.7% from 2.263 million bags exported in year-ago comparative period. The number of May must, therefore, stay close to those from April of 2006, that hit 1.723 million bags.
The director of Cecafé estimates that the first semester will close with acumulative amount of exports (green plus solubles) of around 10.5 million bags.
The second semester will have 15.5 million bags, with the period of crop arrival of the new Brazilian crop contributing to a better export flow.
The domestic trading flow and supply at the moment is naturally lower, according to Braga, as the harvest has barely started in coffee areas. "We are at the end of the midcrop, it is natural the tightness, but that is nothin serious", he told SAFRAS Agency.
In May, according to Braga, the shipments must stay at 1.750 million bags, down 22.7% from 2.263 million bags exported in year-ago comparative period. The number of May must, therefore, stay close to those from April of 2006, that hit 1.723 million bags.
The director of Cecafé estimates that the first semester will close with acumulative amount of exports (green plus solubles) of around 10.5 million bags.
The second semester will have 15.5 million bags, with the period of crop arrival of the new Brazilian crop contributing to a better export flow.
The domestic trading flow and supply at the moment is naturally lower, according to Braga, as the harvest has barely started in coffee areas. "We are at the end of the midcrop, it is natural the tightness, but that is nothin serious", he told SAFRAS Agency.
# posted by Buck @ 8:22 AM 
