Brazil’s sugar exports rose again in May, despite price decline. Brazil shipped 1.58 million tons of the sweetener, up 20% from April. The amount is 36.4% below the 2.48 million tons exported in May last year. The average price, in turn, was US$ 379.35 per ton, representing a decrease of 0.8% compared to the previous month. With value claiming and more sugar on the market, monthly collection rose 19%, reaching US$ 598.25 million in the period. The main destinations for Brazilian sugar were Algeria (270.88 million tons); Morocco (212.66 million tons); Nigeria (183.87 million t); Georgia (176.12 million tons); and Canada (169.49 million tons). Of the total exported, 1.48 million tons were raw sugar, an increase of 25.6% when compared to April; in the annual comparison, there was a drop of 34.5%. about 93.91 thousand tons were refined sugar, a decrease of 30.6% compared to April and 56.7% compared to May 2021.
Source: Nova Cana (*Translated by Ia Niani)