The Import and Export Department (Ministry of Industry and Trade) said that coffee exports in November 2019 were estimated to reach 120 thousand tons, worth $ 207 million, up 37.1% in volume and 31.4% in value. Compared to October 2019, compared with November 2018, it decreased by 13.9% in volume and 20.4% in value. In the first 11 months of 2019, coffee exports reached 1,473 million tons, worth $ 2,538 billion, down 14.6% in volume and 22.2% in value compared to 11 months of 2018.
The average export price of coffee in November 2019 is estimated at $ 1,725 / ton, down 4.2% from October 2019 and down 7.6% compared to November 2018. In the first 11 months of 2019, the average export price of coffee reached 1,723 USD / ton, down 8.9% over the same period in 2018.
On the world market, coffee prices in November 2019 increased because the market was concerned about a shortage of supply when Brazilian coffee exports fell for the second consecutive month, while demand tended to increase and inventories decreased.
According to the US Department of Agriculture (USDA), Brazil’s coffee output in the 2018/19 crop is only about 58 million bags, a decrease of 10.5% compared to the 2017/18 season. While the Brazilian Institute of Geography and Statistics also reduced the output of the last crop with a decrease of more than 16.5% compared to the previous crop.
In the Trade report of October 2019, the International Coffee Organization (ICO) assessed that the global coffee supply is shifting from surplus to a slight shortage. Demand for coffee is forecast to increase, especially in China, where the Western lifestyles of young people make up coffee culture in the world’s second-largest economy. According to USDA data, China’s coffee consumption has more than ninefold in the past decade, to 189,300 tons in 2018/19.
According to the rhythm of economic life
