Global coffee exports down 15 percent in January 2023

KAMPALA-Global green bean exports in January 2023 declined by 15 percent to 8.69 million bags, as compared with 10.23mln bags in the same month of the previous year, International Coffee Organisation [ICIO] says in its latest report.

As a result, the cumulative total exports of green beans for coffee year 2022/23 is decreasing at an accelerated rate, down 5.4 percent, as compared with 1.8 percent decrease for the first three months of the current coffee year. “The cumulative total for 2022/23 to January is 35.86mln bags as compared with 37.9mlnn bags over the same period a year ago,” says ICO report.

According to the report, In January 2023, South America’s exports of all forms of coffee decreased by 19.9 percent to 3.93mln bags, driven by the three main origins of the region, Brazil, Colombia and Peru, which saw their combined exports fall by 20.9 percent.

Green bean exports of the Brazilian Naturals fell in January 2023, falling by 17.2 percent to 2.78mln bags. “For the first four months of coffee year 2022/23, green bean exports of the Brazilian Naturals amounted to 13.1mln bags, down 0.1 percent from 13.11mln bags over the same period a year ago.”

Africa

Meanwhile, exports of all forms of coffee from Africa increased by 19.5 percent to 1.11mln bags in January 2023 from 0.93mln bags in January 2022.

“For the first four months of the current coffee year, exports totalled 4.22mln bags as compared with 4.15mln bags in coffee year 2021/22, up 1.4 percent.”

The report says Uganda is the main driver behind the jump in the region’s exports, with coffee shipments from the region’s largest producer and exporter increasing by 22.9 percent to 0.49mln bags, as compared with 0.4mln bags in January 2022.

Significantly, it ended 12 consecutive months of decreasing exports, which had led the origin’s cumulative total exports over the past year [January–December 2022] to fall to 5.63mln bags as compared with 6.77mln bags between January and December 2021, down 16.9 percent or 1.14mln bags.

“Drought in most of the coffee growing regions has led to a lower and shorter main harvest season in central and eastern parts of Uganda and hence lower output; however, exports are up in January 2023 as a result of a stocks drawdown on the back of rising prices for Robustas which in turn were responding to the reduced global supply, especially from Indonesia and Vietnam.”

Côte d’Ivoire and Tanzania are two other origins of note for January 2023, with their exports up 105.8 percent and 17.8 percent, respectively.

On the other hand, exports of all forms of coffee from Asia & Oceania decreased by 17.2 percent to 3.45mln bags in January 2023 and were down 3.3 percent to 14.42mln bags in the first four months of coffee year 2022/23.

https://thecooperator.news/global-coffee-exports-down-2-5-percent-in-october/

Buy your copy of thecooperator magazine from one of our country-wide vending points or an e-copy on emag.thecooperator.news

Views: 8