Brazil: Cane sugar exports rose 21% in Paraná in 2023

Published 2024년 2월 8일

Tridge summary

In 2023, Paraná, Brazil saw a slight decrease in sugar exports at 2.59 million tons, but due to improved international prices, revenue increased to US$1.26 billion. This was largely due to a drop in Indian sugar production, leading to increased purchases from Paraná, with Algeria and Malaysia being the main importers. The state also experienced a rise in ethanol production and a record corn export of 4.73 million tons. Additionally, the soybean harvest advanced due to favorable weather conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Paraná producers exported 2.59 million tons of sugar compared to 2.69 million in the previous year. However, the improvement in international prices for the product caused US$1.26 billion to enter the State, compared to US$1.04 billion in 2022. One of the reasons that influenced the value was the drop in Indian production, which led to the country to acquire sugar from Paraná, which has not happened since 2020. These purchases were important, but the main destinations for sugar from Paraná were Algeria, with 352 thousand tons, and Malaysia, with 324 thousand tons. These two markets have had regular purchases for at least ten years, which made up for the absence of the Russians. After acquiring a record volume of 1 million tons in 2008, Russia stopped purchasing last year. The attractiveness of sugar prices caused the production mix in Paraná to increase from 45% to 46% of the volume directed to the sweetener, according to data from the Sugarcane Industry Union (Unica). ...

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