Brazilian Coffee Imports a Relief, But Not Significant — Panjiva
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Brazilian Coffee Imports a Relief, But Not Significant

Ags - Softs 143 Brazil 415

The Brazilian government will cut import taxes on robusta coffee to 2% from 10% for four months. This is due to low inventories and poor production, witnessed by the seven straight months of falling exports. That has meant Brazil has lost global market share to Colombia, Peru and Vietnam. The allowance only covers one million bags, however. That is equivalent to just 10% of the next four months of exports by Brazil, or 6% of global robusta shipments. It shouldn’t disturb global markets unduly.

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