Average daily sugar shipments of Brazil in December reduced by 38.7% compared to the previous year

Published Dec 16, 2024

Tridge summary

Brazil's sugar and molasses exports experienced a significant decrease in the first half of December 2024, with a total of 1,162,934.4 tons, marking a 38.7% reduction compared to the same period in 2023. This downturn resulted in a 44.5% drop in the country's average revenue, with the daily average export value falling to US$ 56,580.8 thousand from US$ 102,017.1 thousand in December 2023. Furthermore, the price of sugar and molasses exports decreased by 9.6%, from US$ 538/ton to US$ 486.5/ton.

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

Original content

Sugar and molasses exports by Brazil in 10 business days up to the 2nd week of December totaled 1,162,934.4 tons, according to figures presented this Monday (16) by the Secretariat of Foreign Trade (Secex). When comparing this daily average with that of the same period in 2023, this represents a reduction of 38.7%. While in this month of December, during the first fortnight, the daily average of sugar and molasses exports was 116,293.7 tons, this average for all of December 2023 was 189,623.1 tons, a month in which 3,792,461.7 tons were shipped by Brazil. This decrease in exports represents a 44.5% drop in the country's average revenue. With a 9.6% ...

Source: NoticiasAgricolas