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

Updated Mar 9, 2023
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 ...
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