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.