Jan. 10 (Bloomberg) -- Coffee exports from Brazil, the world’s largest grower of the bean, are expected to rebound from last year’s 16 percent decline, the country’s association of coffee exporters said.
Brazil is expected to export as much as 31 million bags of coffee this year, a 9.5 percent increase compared with the 28.3 million bags recorded in 2012, the association known as Cecafe said in an e-mailed report today.
Last year’s result was a 16 percent decline from the previous year. Rain volumes that delayed coffee harvest and shipping played “a major” part in the reduction of foreign sales last year, Cecafe said in the report.
Cecafe estimates that coffee export revenue will rise to $7 billion this year, up 11 percent from 2012, because of bigger export volume and a “moderate rise in coffee prices,” according to the report.
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