Brazil earns US$ 1 billion with sugar exports in June

Throughout the month of June, Brazilian agribusiness earned US$ 1.2 billion from exports of cane sugar. The data are from the Confederation of Agriculture and Livestock (CNA).

According to the CNA, Brazilian agribusiness earned 46% more from sugar exports in June 2023, compared to the same month in 2022. Currently, the country is the largest supplier of sugar on the planet, according to data from the United States Department of Agriculture.

Production takes place mainly in the State of São Paulo, where there is greater availability of raw material for manufacturing in the country. Half of the entire sugarcane crop in the country is harvested in plantations in São Paulo, according to data from the National Supply Company (Conab).

For 2023, Conab estimates that crop production will reach 610 million tons. The number represents a growth of 5.5% over the previous year.

Agribusiness in São Paulo and sugar exports in June
In June 2023, São Paulo produced 60% of all sugar exported by Brazil. This volume is equivalent to a growth of 5% over the same period of the previous year. Revenue, in turn, closed at US$ 730 million: a revenue 32% higher.

Bangladesh was the main customer of the product from São Paulo on the foreign market in June. It was almost US$ 115 million for around 220 thousand tons. At the same time, shipments to the Asian country also generated the highest individual revenue in the sector in June: around US$ 154 million for 317 thousand tons.

Altogether, Brazilian agribusiness exported sugar to 54 countries in the month of June, according to records from the Ministry of Agriculture. The second highest revenue in this ranking came from Saudi Arabia: around US$ 130 billion. In the top 5 are also: India (US$ 110 million), Nigeria (US$ 86 million) and Indonesia (US$ 71 million).

Source: Revista Oeste

To read the original article, visit: https://revistaoeste.com/agronegocio/brasil-fatura-us-1-bi-com-exportacoes-de-acucar-em-junho/

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