Where did Brazil export sugar to in 2023?

Published 2023년 12월 22일

Tridge summary

Brazil is the global giant in sugar production and is the largest producer and main exporter of sugar, with an expected production of more than 41 million tons in 2023. In 2023, notable changes in the destinations of Brazilian raw sugar included increased purchases by Saudi Arabia and Iraq, tripled imports by the United States, and Mexico importing raw Brazilian sugar for the first time. The pandemic caused a change in export logistics, with a reduction in the use of containers and an increase in breakbulk transport, and Brazil's role as a world leader in the supply of sugar is indisputable.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil, recognized as the global giant in sugar production, plays a crucial role in the international market. In 2023, with an expected production of more than 41 million tons and an internal consumption of around 10 million tons, Brazil stands out not only as the largest producer, but also as the main exporter of sugar, having an exportable surplus of approximately 30 million tons, according to information from Czarnikow, a British food and services trading company. “This year, we saw notable changes in the destinations of Brazilian raw sugar. Saudi Arabia, a traditional importer, increased its purchases by 44%, reaching close to 1 million tons. This was due to reduced Indian supply. Iraq also followed this trend, with a 45% increase in its imports,” said British trading analyst Ana Zancaner. READ MORE > RenovaBio: deadline for registering Long-Term Contracts on the CBIO Platform is extended until 1/31/2024 In the United States, the volume of Brazilian imports tripled, reaching ...

Source: Jornalcana