Brazil: Sugar exports fall in November after historic records

게시됨 2024년 11월 26일

Tridge 요약

Brazilian sugar and molasses exports experienced a 2% drop in shipments and an 11.6% decrease in value from the same period in 2023, largely due to a 9.9% devaluation in the average price per ton, according to the Secretariat of Foreign Trade (Secex). Despite this, the accumulated exports from January to October 2024 surpassed the 2023 records. The suspension of sugar exports by India and increased purchases by countries like Indonesia, Egypt, and the United Arab Emirates have offset the decline. However, available stocks for the first quarter of 2025 are projected to be reduced due to drought during harvest and heavy rains, with the number of mills closed expected to triple, leading to a significant reduction in production.

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원본 콘텐츠

Brazilian exports of sugar and molasses recorded a decline until the fourth week of November, compared to the same period in 2023, according to data released this Monday (25) by the Secretariat of Foreign Trade (Secex), linked to the Ministry of Development, Industry, Commerce and Services. The daily average of shipments was 2% lower, and the value obtained suffered an even greater impact, with a drop of 11.6%, reflecting the 9.9% devaluation in the average price per ton. According to the survey, until the fourth week of November this year, Brazil exported 2,500,923 tons of sugar and molasses, with a daily average of 178,637.4 tons. In November 2023, the total volume was 3,644,327.9 tons, with a daily average of 182,216.4 tons. Despite the recent decline, the accumulated total from January to October 2024 had already surpassed the annual record of 2023, with 32.14 million tons exported, compared to 31.3 million in the previous year. The dynamics of the international market also ...

출처: Portal Do Agronegocio