Brazil is likely to raise its market share in sugar exports to 48% of the total traded in the 2023–2024 harvest, up 4% from the previous cycle, as the world’s largest player becomes more competitive. Brazil exports most of the crop on a global scale and will continue to increase its share, reaching 53% of the total (in 2026-27) for the following harvests. According to Raizen, the country with the lowest production cost advances among its key competitors when the global market demands a higher commodity price since the installed production capacity is “exhausted”.
Source: Forbes Brazil (*Translated by Ia Niani)