An additional quota for sugar exports to the United States during the 2022–2023 season was given to the sugar-energy mills in Brazil’s north–northeast region. The volume has favorable tariff effects and is the consequence of a deal between the countries. Brazil’s Ministry of Agriculture and Livestock published the ordinance with the revised apportionment in the Official Gazette (DOU) on Wednesday, 29. The amount will be added to the 147.54-thousand-ton quota established in August of the previous year. The deal covers the time frame of October 2022 to September 2023. As a result, reduced taxes will be applied to the shipment of sugar to the US up to 201.16 thousand tons, an increase of 36.3% from the previous deal.
Source: Nova Cana (*Translated by Ia Niani)