Brazil: Sugar exports maintain a volume above 5 million tons; USDA projecting global growth for 2023/24

Supply Chain Management
Market & Price Trends
Published Nov 28, 2023

Tridge summary

Brazilian ports are seeing a robust volume of sugar destined for export, with 114 ships awaiting loading as of November 22. The Port of Santos is the leader in exports, followed by the Port of Paranaguá, with other ports also contributing. The United States Department of Agriculture has projected an increase in global sugar production for the 2023/24 season, with unexpected growth in Brazil and India offsetting declining harvests in Thailand and Pakistan.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Port of Santos, in São Paulo, leads exports with 3.821 million tons, followed by the Port of Paranaguá, in Paraná, with 964,190 tons. Other ports, such as Maceió, São Sebastião, Recife, Suape and Natal, also contribute to this significant export volume. The diversity of types of sugar to be exported includes VHP (4.944 million tons), TBI (122,100 tons), Refined A-45 (38 thousand tons) and VHP in bags (equivalent to 60 thousand tons). The agency's report considers the vessels already anchored, those waiting and those scheduled to arrive by January 19th. Additionally, the United States Department of Agriculture (USDA) reduced its estimates for global sugar production in the 2023/24 season, projecting an increase to 183.461 million tons, compared to 175.307 million tons in 2022/23, representing a growth of 4.65%. The USDA's biannual report forecasts a supply surplus of 5.03 million tons in 2023/24, reversing the deficit of 1.073 million tons in ...
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