Sugar exports from Brazil will not increase at the pace of production, experts say

Published 2023년 3월 8일

Tridge summary

Brazil's sugar exports for the 2023/24 season are projected to experience slower growth than production due to logistical issues caused by the competition for port space with corn, soy, and soy bran. Despite these challenges, sugar production in the center- south is expected to see a significant increase, rising to 37.3 million tons from the previous year. Exports, however, are forecast to reach only 26.9 million tons, indicating that not all production will be exported. The main export hub, Santos, has a maximum export capacity of 2.7 million tons per month.

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

Original content

SAO PAULO (Reuters) - Sugar exports from Brazil in 2023/24 are unlikely to grow at the same pace as production, as logistical bottlenecks could limit shipments, with corn, soy and soy bran competing for space in the Brazilian ports, according to a presentation this Wednesday at an event promoted by consultancy Datagro. According to figures presented by Raízen trader Ricardo de Aguiar, sugar production in the center-south of Brazil is expected to grow by 3.6 million tons in 2023/24, to 37.3 million tons, while exports are expected to increase by 1.4 million tons compared to the previous harvest, to 26.9 million tons. He also pointed out that exports of soy, bran and corn should total 151 million tons in 2023, versus 145 million tons last year. According to the commercial analyst at Usina Aroeira, Gabriela Bosquetti, the maximum sugar export capacity in Santos, the main ...

Source: NoticiasAgricolas