Brazilian coffee exporters are anticipating a significant increase in coffee exports to China this year, with projections indicating a 65-percent rise compared to last year, data from Brazilian Coffee Exporters Council (CECAFÉ) showed.
According to CECAFÉ, Brazil's coffee exports to China are expected to reach 2.5 million bags in 2024, up from 1.5 million bags in 2023, which would amount to an estimated export value of 525 million U.S. dollars.
"In 2022, Brazil exported 422,000 bags of coffee to China. Last year, the number grew to 1.5 million bags. Such a growth rate is unprecedented in the history of Brazilian coffee," said Eduardo Heron Santos, technical director of CECAFÉ.
Brazil, the world’s largest coffee producer, typically produces over 50 million bags of coffee annually with each bag weighing about 60 kilograms, nearly double the output of the second-largest producer, Vietnam, according to the International Coffee Organization (ICO).
Meanwhile, China's coffee consumption market is expanding rapidly. In 2023, China's coffee market reached approximately 265.4 billion yuan (about 37.33 billion U.S. dollars), with a compound annual growth rate of 17.14 percent over the past three years. The market size is expected to grow to 313.3 billion yuan (about 44 billion U.S. dollars) by the end of 2024.
"We produce coffee with diverse flavors and a wide range of varieties that cater to the diverse preferences of Chinese consumers. Therefore, the prospects for Brazilian coffee in the Chinese market are very optimistic and full of potential," said Eduardo Heron Santos.
Brazilian coffee exports to China expected to grow 65 pct in 2024
Hezbollah's sole aim is to stop the Israeli aggression and its forces are determined to continue fighting, said Amin Sherri, Lebanese Member of Parliament for Hezbollah in an exclusive interview with China Media Group (CMG).
Sherri was placed on the U.S. sanctions list in 2019 over claims of financial support to Hezbollah. He talked about how the loss of Hezbollah leaders has affected the group, and shared his view on the fighting situation in the interview.
"The Israeli enemy has been unable till now to claim victory on any of the border villages. Of course there are minor infiltrations, but the tactic of our resistance forces is to inflict as much pain and casualties on the enemy, even in some clashes at zero distance or at certain distances.
On Thursday, Israel's military chief Herzi Halevi claimed that the Israeli forces had "thoroughly dismantled Hezbollah's senior chain of command." Over the past month, Israel has targeted top leaders and senior members of Hezbollah through a series of assassinations.
"No doubt we have lost some of our top leaders, but there is renovation in all the positions in the leadership, from bottom to top, whether in the political, security or military sectors. This restructuring will not take long because we always have new blood and promising generations, especially in the leadership roles in the resistance," said Sherri.
He noted that currently there is little progress in political negotiations.
"Politically there are no negotiations. Only ideas presented to our House Speaker Nabih Berri and Prime Minister Najib Miqati from Europe and the United States. I quote Speaker Berri, who said 'The U.S. talks too much and does very little.' Our priority is that Israel stops its aggression first. Then we can talk," said Sherri.
"Netanyahu and his far-right government want a new Middle East which is subject to the economic, financial and political interests of the Israeli enemy. We have only one condition, which is to stop the Israeli aggression against Lebanon," said Sherri.
The MP reaffirmed Hezbollah's determination to continue fighting to resist Israeli aggression.
"Let's put political differences aside. The priority for us as Lebanese is to resist Israeli aggression. Israeli aggression failed in 1993, the second time in '96, the third time in 2006, and they will fail in 2024," said Sherri.
Since Sept. 23, the Israeli army has been launching intensive airstrikes on Lebanon in a dangerous escalation with Hezbollah.
Since the beginning of the Hezbollah-Israeli conflict on Oct. 8, 2023, a total of 2,593 people have been killed and 12,119 others injured in Israeli airstrikes across Lebanon, according to a report released Thursday by the Disaster Risk Management Unit at the Lebanese Council of Ministers.
Hezbollah's sole aim is to stop Israeli aggression: Lebanese MP
