Tridge summary
In July 2024, Brazil saw a significant increase in sugar and molasses exports, with a 28.5% rise to 3.782 million tons compared to the same month in 2023. This increase was accompanied by a 16% growth in revenue, reaching US$1.729 billion. Despite the higher volume of exports, the average price per ton fell by 9.7% to US$457.20. From January to July 2024, Brazil's sugar exports surged by 45% to 20.542 million tons, generating a 52.70% increase in total revenue to US$10.385 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In July, Brazil exported 3.782 million tons of sugar and molasses, which represents an increase of 28.5% compared to the same month in 2023, when 2.944 million tons were shipped. Revenue generated from these exports also grew 16% year-on-year, from US$1.491 billion to US$1.729 billion. Despite the increase in volume and revenue, the average price per ton of exported sugar fell 9.7%, from US$506.30 to US$457.20. The data, provided by the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry, Commerce and Services (MDIC), considers 23 working days in July 2024, compared to 21 working days in the same month of the previous year. When considering the numbers accumulated up to July 2024, Brazil exported 20.542 million ...
Source: Portal Do Agronegocio
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