Drop in sugar exports in December: Reduced volume and revenue in Brazil

Brazilian exports of sugar and molasses showed a significant drop in the first half of December 2024, with an average daily shipment of 116,293.7 tons, according to data released by the Secretariat of Foreign Trade (Secex) this Monday (16). Compared to the same period in 2023, the export volume registered a reduction of 38.7%. In 2023, during the month of December, Brazil shipped 3,792,461.7 tons of sugar and molasses, with a daily average of 189,623.1 tons. The reduction in exports in 2024 is also reflected in the decrease in revenue. The total amount collected so far in December was US$565.8 million, a daily average of US$56.6 million, which represents a decrease of 44.5% compared to ...