Sugar exports transported in bulk increased by 352% in Brazil’s Paraná

March witnessed a significant surge in sugar exports from ports in Paraná. Bulk sugar shipments reached 419,899 tons, marking a remarkable 352% growth compared to the same period in 2023 when it stood at 93 thousand tons. Similarly, the sale of bagged sugar also experienced a substantial increase, soaring from 18,004 tons in March 2023 to 70,220 tons in March this year, marking a staggering 289% rise.

The record sugarcane harvest in Paraná in 2023, totaling 35.2 thousand tons, reflecting an approximate 11% increase compared to the previous year’s 31.7 thousand tons, as per data from the Department of Rural Economy (Deral), played a pivotal role in driving foreign trade. Paraná’s producers are the primary exporters from Paranaguá, further underlining the significance of this achievement.

The impressive figures for the month follow a consistent trend since the beginning of the year. From January to March, there were notable increases in both bulk and bagged sugar movements. Bulk sugar exports surged by 167% (from 503,515 tons to 1,341,878 tons), while bagged sugar exports rose by 96% (from 105,572 tons to 206,740 tons).

Luiz Fernando Garcia, CEO of Portos do Paraná, attributes the positive shift to changes in global trade dynamics. “In addition to our investments in logistics, which have boosted operational efficiency, there has been a surge in global demand for sugar commodities,” he emphasized. He noted that while Algeria was the main destination in 2023, this year, it’s India, whose demand has seen a significant uptick.

India, traditionally the world’s second-largest sugar producer, has turned to imports due to El Niño-related issues affecting its last harvest. As one of the largest consumers of sugar globally, India’s restrictions on sugar exports since late 2023 have had a notable impact. With Brazil enjoying a robust sugarcane harvest, it is poised to capitalize on this new market dynamic.

“The attractive sugar prices, driven by reduced Indian production and the need to meet domestic demand, have incentivized producers to increase sugarcane cultivation,” remarked Norberto Ortigara, Secretary of State of Agriculture and Supply. He highlighted that in Paraná, the share of sugarcane destined for sugar production has increased from 45% to 46%, according to the Sugarcane Industry Union (Única).

The following chart shows the volume of sugar shipments (hs 1701) recorded in Paranagua, one of Brazil’s top sugar export ports, every month from January 2022 to January 2024. The data is from DataLiner.

Sugar Exports from TCP | Jan 2022 – Jan 2024 | WTMT

Source: DataLiner (click here to request a demo)

Gabriel Vieira, Director of Operations at Portos do Paraná, emphasized the port’s national significance in the sugar trade. “We currently rank second in the national sugar throughput, trailing only Santos. In the first three months of this year, we handled over 1.5 million tons, and we remain optimistic about productivity in the months ahead,” he added.

Source: CatVE

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