Giovani Ferreira, Canal Rural’s content director, stated at Agroexport that climate is a critical component in deciding sugar crops and export potential. Currently, India is facing climate issues, but Brazil has been witnessing a record sugarcane crop, which might result in exports surpassing prior years’ figures. The trajectory of sugar exports is favorable. Brazil exported around 17.8 million tons in 2019, increasing these figures to 27.25 million tons in 2022. By the third week of July 2023, 13.2 million tons had been shipped, producing roughly USD 6.27 billion in foreign exchange income. Exports might reach between 14 and 15 million tons by the end of the first seven months of 2023, surpassing 2020, according to projections.
SOURCE: CANAL RURAL (*Translated by Ia Niani)