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Peru's coffee revenue falls in first half of 2012
August 4, 2012
Peru's coffee exports between January and June 2012 totaled US$ 251.3 million, down 13.1 percent compared to same period a year ago due to a decline in export prices, Peruvian consulting group Maximixe reported.
In the first half of 2012, export volumes registered an inter-annual growth of 10.6 percent, amounting to 61,400 metric tons (MT), however the export prices declined.
These shipments reached US$4,093 per MT, a 21.5 percent drop over the same period in 2011 (US$ 5,213).
The decrease in export prices was not only underpinned by a lower global demand, but the increase in Brazil's coffee crops, which account for about 35 percent of the world production.
In the January-June period, the main export countries of this Peruvian product were Germany (24 percent), followed by the United States (21.5 percent), Colombia (18.2 percent) and Belgium (12.6 percent).
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Total coments: 1
Commented By: M
On: August 6, 2012. 9:13 am
Columbia buying Peruvian coffee is a great compliment to Peru.
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