Rio de Janeiro, Jan 12 (Inditop.com/EFE) Brazilian coffee has increased its world market share to 32 per cent in 2009, according to the Council of Coffee Exporters or Cecafe.
Brazil expanded its dominance of the world coffee market, accounting for 32 per cent of all international sales of the bean last year, the Cecafe said Monday.
Vietnam grabbed second position with 18 per cent market share, followed by Colombia, with 8 per cent.
The South American giant exported 30.3 million 60-kg sacks of coffee last year, up 3 per cent from 2008. But the annual turnover of $4.27 billion was 10 per cent less than the previous year.
Brazil increased its exports of higher quality arabica beans to 26.2 million sacks last year, a gain of 9 per cent over the previous year that raised the Brazilian share of the global market for arabica to 46 per cent.
In a statement, Cecafe director Guilherme Braga called last year’s performance positive and said the outlook for 2010 is “encouraging.”
“The market is reacting in a firm process of recovery,” he said. “Such that in the month of December 2009 the median price of a sack of coffee was $153.91, a value close to the price before the crisis.”
Cecafe expects Brazil’s coffee exports to total around 30 million sacks in 2010, resulting in revenues of between $4.6 billion and $4.8 billion.
The council said its optimism is based on figures showing that the recession has not significantly reduced coffee consumption in key markets such as the United States, Japan and Germany.
Brazil sold 6 million sacks of coffee to Germany in 2009, up 17 per cent from the year before. Sales to the United States grew 13 per cent to 5.8 million sacks.
