Brazil: Cane sugar exports rose 21% in Paraná in 2023

In 2023, Paraná producers exported 2.59 million tons of sugar compared to 2.69 million in the previous year. However, the improvement in international prices for the product caused US$1.26 billion to enter the State, compared to US$1.04 billion in 2022. One of the reasons that influenced the value was the drop in Indian production, which led to the country to acquire sugar from Paraná, which has not happened since 2020. These purchases were important, but the main destinations for sugar from Paraná were Algeria, with 352 thousand tons, and Malaysia, with 324 thousand tons. These two markets have had regular purchases for at least ten years, which made up for the absence of the Russians. After acquiring a record volume of 1 million tons in 2008, Russia stopped purchasing last year. The attractiveness of sugar prices caused the production mix in Paraná to increase from 45% to 46% of the volume directed to the sweetener, according to data from the Sugarcane Industry Union (Unica). ...