Brazil: Sugar exports to register 33.8% growth in 2024

Published Dec 4, 2024

Tridge summary

Brazil's sugar exports experienced a 33.8% increase in value from January to October 2024, compared to the same period in 2023, reaching US$ 13.3 billion. This growth positions sugar as the second most exported agricultural product in the country, following soybeans which, despite a 15.6% decrease from the previous year, still achieved US$ 40.9 billion in exports during the same period. This information was highlighted in a report by the Economic Department of the Federation of Agriculture and Livestock of the State of São Paulo (Faesp).

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

Original content

Sugar exports in Brazil showed a significant growth of 33.8% in value between January and October 2024, compared to the same period in 2023. According to the Ministry of Development, Industry, Trade and Services (MDIC), shipments of raw cane sugar totaled US$ 13.3 billion in the first ten months of this year, compared to US$ 9.9 billion last year. This performance places sugar in second place in the ranking of exports from the Brazilian agricultural sector, surpassed only by soybeans. Soybeans, in turn, lead exports, despite registering a 15.6% drop compared to the previous year, with US$ 40.9 billion exported in 2024, compared to US$ 48.5 ...

Source: Portal Do Agronegocio