Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Brazilian coffee exports to MENA region witnesses 30 per cent increase during first seven months of the year
 

UAE, August 29, 2017 - A rise in coffee exports from Brazil to the Arab region led to sales of USD 122 million, as shipping volume increased during the first half of 2017. According to the Brazilian Coffee Exporter Council (Cecafé), revenue gained from coffee exports from Brazil to the Arab region witnessed a 29.7 per cent increase at USD 112 million during the first seven months of the year, in comparison to 2016. A total of 653,200 bags of coffee were exported to Arab counties between January and July 2017, while 645,100 were exported during the same period last year, indicating a 1.2 per cent increase in export volume to Arab countries.

Lebanon remained the top buyer of Brazilian coffee in the Arab world with a recorded USD 29.9 million spent on coffee imports during the same period. It was followed by Jordan at USD 14.6 million, Saudi Arabia at USD 12.9 million, and the United Arab Emirates at USD 10.2 million.  Other major importers of Brazilian coffee in the region include Bahrain, Oman, Egypt, Kuwait and Morocco.

As coffee exports from Brazil to the Arab region continue to rise, the overall revenue recorded from international coffee exports saw an increase of 7.2 per cent, at USD 2.9 billion, with the United States as the top importer accounting for a 20 per cent share in total coffee exports from Brazil. Germany followed with a 17.5 per cent share, Italy with 9 per cent, Japan with 7.1 per cent and Belgium with 6 per cent. In July alone, Brazil exported 1.7 million bags of coffee, grossing USD 283.4 million.

Dr. Michel Alaby, Secretary General and CEO of ABCC, said: “The large amount of coffee being exported to the MENA region from Brazil during the first seven months of the year indicates a growing market for Brazilian coffee in this part of the world. As demand for Brazilian coffee grows, we expect to witness larger demand for this product in the Arab market over the next few years.”


Posted by : Dubai PR Network Editorial Team
Viewed 4721 times
PR Category : Banking & Investments
Posted on : Tuesday, August 29, 2017  11:42:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Al Ansari Exchange's ‘Beat the Heat' initiative provides coo...
Next Story : Henkel Reports Robust Performance in Q2, Confirms Guidance f...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Skyline Book Fair 2018 [10394-Views]
The Bremont Waterman [9852-Views]
Holiday hair: The best product to keep your locks smelling fresh and protected [9577-Views]
ServeU to Take Huge Leap Forward with Smart Cleaning Robots [7741-Views]
Emirates celebrates inaugural flight to London Stansted [7228-Views]
Chronoswiss' Exclusive Limited Edition Flying Regulator Marks 31st Anniversary of Kitzbuhe... [7228-Views]
Blackberry Key2: An Icon Reborn [7174-Views]
Marchon Eyewear Summer 2018 Collections [7174-Views]
The Future Takes The Past Tense [7046-Views]
CSR Initiatives by Malabar Gold & Diamonds continues in full strength [6838-Views]
du Distributes Eid Gifts at Al Jalila Children's Hospital [6820-Views]
Consulate General of India Mr. Vipul came as CHIEF GUEST at the blood donation camp organi... [6332-Views]
DWTC events drive AED 12.7bn in economic value for Dubai, fuelling record 3.3% contributio... [6112-Views]
Al-Futtaim ACE celebrates Eid with exciting offers and activities [6045-Views]
24 hour Mega Sale at Dalma Mall! [5929-Views]
Beauty on the Go [5612-Views]
Purify Your Skin with Skin Republic [5508-Views]
A Sparkling Gift Guide for Eid al-Fitr by Mouawad [5490-Views]
Filorga introduces two new additions to its UV-BRONZE range offering a comprehensive range... [5466-Views]
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV - to the UA... [5398-Views]
Skin Hydration is one of the primary challenges our skin faces in the UAE [5075-Views]
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia 3 to fans ... [4837-Views]
New open-air member of the AMG GT family [4734-Views]
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid [4734-Views]
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Across 15 Sel... [4697-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories