Brazil: Sugar exports in Paraná ports reach exceptional growth in March

Published Apr 30, 2024

Tridge summary

In March, sugar exports from Paraná ports saw a remarkable increase, with bulk sugar movement rising by 352% to 419,899 tons and bagged sugar exports growing by 289% to 70,220 tons, compared to the same month in 2023. This surge is linked to a productive sugar cane harvest in 2023 and a global demand for sugar, especially from India. The need to supply this market, along with logistical investments and a drop in Indian production due to the El Niño phenomenon, has driven growth in the Brazilian sugar sector. Consequently, Paraná has emerged as a significant player in global sugar exports, with the Port of Paranaguá ranking as the second-largest hub for sugar movement in Brazil.

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

Original content

Ports in Paraná recorded an impressive increase in sugar exports during the month of March. Bulk sugar movement reached 419,899 tons, an increase of 352% compared to the same period in 2023, when the volume was just 93 thousand tons. Exports of sugar in bags also grew significantly, from 18,004 tons in March 2023 to 70,220 tons in 2024, representing an increase of 289%. These numbers reflect Paraná's excellent sugar cane harvest in 2023, which reached 35.2 thousand tons, an increase of 11% compared to the previous year, according to data from the Department of Rural Economy (Deral). This performance helped to boost foreign trade, consolidating Paraná producers as main exporters through the Port of Paranaguá. The notable growth in March reflects a trend observed since the beginning of the year. Between January and March, there were significant increases in the movement of sugar, both in bulk and in bags. In the first quarter, the volume of bulk sugar increased by 167% (from 503,515 ...

Source: Portal Do Agronegocio