According to the latest statistical report released by Brazil’s Coffee Exporters Council, the United States imported 301,000 bags (each 60kg) of coffee from Brazil in August, representing a 46% year-on-year decrease and a 26% month-on-month decline. Meanwhile, Germany imported 414,000 bags of coffee from Brazil during the same month, replacing the U.S. as Brazil’s largest overseas coffee market for August.
Márcio Ferreira, President of the Coffee Exporters Council, stated that the U.S. government’s significant tariff increase on Brazilian coffee since early August has further compressed export opportunities to the American market.
Ferreira pointed out that U.S. tariffs have intensified volatility in the international market. The futures price for Arabica coffee on the New York Commodity Exchange rose by 29.7% from August 7 to the end of the month, climbing from $2.978 per pound to $3.861 per pound. He warned that if high tariffs persist, American consumers will face higher coffee prices, “because globally, no other supplier can fill the gap left by Brazil in the short term.”
Established in 1999, the Brazilian Coffee Exporters Council is the leading representative body for Brazil’s coffee export industry. It currently has over 100 members, covering approximately 96% of agents in the Brazilian coffee market.