Brazil's sugar exports increase 50% in the 1st half of 2024

(Reuters) - Brazilian sugar exports increased by 50% in the first half of 2024 to 15.15 million tons, with Indonesia leading among the main destinations, according to data released this Friday by the maritime agency Cargonave. Wilmar International, a commodities trading company based in Singapore, was the main charterer of bulk sugar among companies exporting from Brazil, with 16% of what was sold, closely followed by Alvean, with 15%, and Sucden, with 14%. , the data showed. Indonesia was the destination for 12% of the raw sugar exported by Brazil in the first half of the year, with India receiving 9% and the United Arab Emirates, 8%. India is the world's second-largest sugar producer, but some of its coastal refineries often import Brazilian sugar for re-export as a refined product. China, normally the biggest importer of Brazilian sugar, came in a distant 11th place among the main destinations in the first half of the year, with just 588,000 tons. Brazil will produce less sugar ...