Coffee prices increased 60 percent in the last year

BRAZIL — In January, Brazil’s coffee exports increased 6.8 percent in volume and rose 53.5 percent in value, compared to last January, according to the Brazilian Coffee Exporters Council, or CeCafe, Fox News reports.

Globally, coffee prices increased almost 60 percent within the last year.

From Jan. 2014 to last month, Brazil exported 36.6 million sacks of coffee valued at $6.8 billion, Guilherme Braga, CeCafe’s director, said.

According to the report, some 61 percent of Brazilian coffee exports went to Europe; 19 percent went to North America; and 15 percent to Asia.

High-quality Arabica coffee made up 79 percent of Brazil’s coffee exports, with Robusta accounting for 11.9 percent and soluble coffee accounting for 9 percent.

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