Brazilian mills exported 1.97 million tons of sugar in March, keeping the upward trend. The volume represents an increase of 8% when compared to February, and 39.6% in relation to March 2020. This is the greatest result of March since the 2.1 million tons exported in 2016. From January to March – the off-season of sugarcane -, the shipments of the sweetener reached 5.8 million tons, a number 34.8% higher than the 4.3 million recorded in the same period of the previous year. The detailed figures for sugar exports were released by the Foreign Trade Secretariat (Secex), of the Ministry of Economy. In March, the average price of the commodity was US$ 323.91 per ton, up 9% compared to the same month in 2020. Thus, with a higher volume traded at a higher value, revenue from sugar exports rose 52.1%, reaching US$ 638.97 million.
Source: Nova Cana (*Translated by Ia Niani)