Brazil’s sugar exports kick off November with accelerated growth

Published Nov 12, 2024

Tridge summary

Brazil's sugar and molasses exports have seen a significant increase in November, with a 15.2% rise compared to October 2024 and a 29.44% increase compared to the same period in October 2023. The daily average export volume in November 2024 was 219,429.9 tons, a 20.4% increase from November 2023. The exports generated revenue of US$ 619,988.5 thousand, with a daily average of US$ 103,331.4 thousand, showing a 6.5% increase from the same period in 2023. Despite a decrease in international prices for the product, the increase in volume exported indicates a robust foreign market for Brazilian sugar.

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

Original content

Brazil’s sugar and molasses exports begin the month of November with an above-average performance, registering a significant increase in the first six business days. According to data released by the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Commerce and Services, Brazil exported a total of 1,316,516.7 tons of sugar and molasses, with a daily average of 219,429.9 tons. This volume represents an increase of 15.2% compared to the daily average of the first week of October 2024 and an increase of 29.44% compared to the same period in October of the previous year. In terms of annual comparison, November 2024 exports showed a growth of 20.4% compared to the same month in 2023, when the daily average was 182,216.4 tons. Export performance, so far, represents a solid recovery in the sector, evidenced by a consistent increase in the volume shipped. In financial terms, Brazilian sugar and molasses exports at the beginning of November generated revenue ...

Source: Portal Do Agronegocio