Brazilian sugar exports shoot up 92% YoY in July

In July, Brazilian sugar exports increased by 91.5% year-on-year to 3.487 million tonnes, reaching a record level for monthly shipments, according to data from the federal government released on August 3.  According to the Foreign Trade Secretariat (Secex), the record so far was in September 2017, when 3.5 million tonnes of sugar were exported.

The commodity’s exports have benefited from the exchange rate and the wide availability of exports.  As with other commodities, China is the main destination for Brazilian sugar. The following chart shows Brazilian sugar exports on a monthly basis since 2017:

Source of report: Reuters

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