Brazilian sugar exports in 2023 hit a new high of 31.38 million tons, representing a 15.1% rise year over year. Revenue also hit a record high of USD 15.75 billion, owing to a 24.2% rise in average price. The volume of sugar surpassed the previous record achieved in 2020 by 2.4%. According to the Ministry of Development, the primary destinations were China, India, and Algeria. Exports increased 4.8% in December to 3.85 million tons, with monthly sales of USD 528.8/t. China and India were the key destinations.
Source: NovaCana (*Translated by Ia Niani)
BRAZIL SHIPPED RECORD VOLUME OF SUGAR IN 2023
Published On - 18 de January de 2024