Brazilian sugar exports grow 23.4% in first quarter of 2020
May, 18, 2020 Posted by Sylvia SchandertWeek 202021
DataLiner data shows that Brazilian sugar exports increased by 23.4% in the first quarter of 2020 compared to year-ago levels, totaling 3.77 million tons of throughput.
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Rising sugar prices, a fall in the price of ethanol in the domestic market, and the devaluation of the real against the dollar have all stimulated exports.
Data from the Foreign Trade Secretariat (Secex) shows that in April, Brazil exported 1.55 million tons of sugar, an increase of 27.5% when compared to the 1.22 million tons shipped in April of 2019. In the first two weeks of May alone, Brazilian sugar exports totaled 1.57 million tons (ten working days), a volume that exceeded the total amount exported in May 2019.
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