Exports of coffee, sugar and cotton from Brazil already exceed the total for February 2023 in the month

Cotton Fruit

Brazil

Market & Price Trends

Published Feb 20, 2024

Tridge summary

Brazil has seen a significant increase in its exports of coffee, sugar, and cotton in February, surpassing the total volumes recorded for the entire month of 2023, according to the Secretariat of Foreign Trade (Secex). Cotton exports experienced the most substantial growth, with a 510% increase. Sugar exports reached nearly 1.8 million tons, and coffee shipments totaled 127.6 thousand tons. Additionally, soybean exports increased by 4.4%, and corn exports are expected to surpass the February 2023 total. Brazil's oil exports have also exceeded last year's full-month total.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

SÃO PAULO (Reuters) - Brazil's coffee, sugar and cotton exports from February to the third week have already surpassed in volume the totals recorded in the full month of 2023, according to published data from the Secretariat of Foreign Trade (Secex). in this Monday. During the period, cotton exports reached 146.3 thousand tons, versus just 43.16 thousand tons in February last year. Based on the daily average of shipments, growth is 510%, with almost 15 thousand tons shipped per day. Among the main agricultural commodities exported by Brazil, the biggest growth is seen in cotton shipments, whose international prices registered gains of around 15% year-to-date and closed last week above 95 cents per pound on the stock exchange. New York, marking the sixth consecutive weekly gain. On the other hand, Brazil has good stocks from the past harvest and is on track for record production in 2024, according to data from the National Supply Company (Conab). Brazil's sugar exports, which come ...

Source: NoticiasAgricolas