A recent survey conducted by the shipping service Williams Brasil revealed that Brazil has almost 5 million tons of sugar planned for export, and there are currently 114 ships waiting to be loaded at various ports. The Port of Santos holds the most sugar with 3.82 million tons, followed by Paranaguá, Maceió, and others. The United States Department of Agriculture (USDA) reports that the expected worldwide sugar output for the 2023-24 season has decreased, resulting in a predicted excess supply of 5.03 million tons. Despite predicted declines in Thailand and Pakistan, sugar output in Brazil and India is expected to compensate with unexpected increases.
Source: Nova Cana (*Translated by Ia Niani)
EXPORT VOLUME OF SUGAR REMAINS ABOVE 5 MILLION TONS
Published On - 30 de November de 2023