Sugar exports from Brazil exceed 4 million tons in November, the highest level of the year

By Nayara Figueiredo and Roberto Samora (Reuters) - Sugar exports from Brazil reached 4.07 million tonnes in November, up 53% from the same period last year and the highest monthly level of 2022, data from the federal government showed on Thursday. The increase in shipments occurs at a time when mills in the world's main producer of the sweetener have started to allocate greater volumes of sugarcane for the manufacture of sugar in the 2022/23 harvest, to the detriment of ethanol, in addition to a firm international demand. The schedule of shipments of the Brazilian product is "exploding", said the president of the consultancy Datagro, Plínio Nastari, with the country taking advantage of a delay due to rains in the harvest of India, second global exporter behind Brazil. "There was a delay in the start of the Indian harvest, because the monsoon rains were prolonged... It is entering now, and in this period of October and November, the physical demand was very heated", said Nastari ...