Sugar/Secex: Exports in July increase 30% in revenue and 3.5% in volume compared to July/22

Brazil exported 2.975 million tons of sugar and molasses in July, 3.5% above the same month in 2022, when it shipped 2.875 million tons. The volume, however, was lower than that recorded in June this year, of 3.082 million tons. The revenue was 30% above the annual comparison, with US$ 1.494 billion in the last month, against US$ 1.150 billion in July last year. The result was also above the billing in June, of R$ 1.48 billion. Data from the Foreign Trade Secretariat (Secex), of the Ministry of Development, Industry, Commerce and Services (MDIC), were released this afternoon and consider 21 working days.

The advance in sugarcane crushing in the Center-South in the 2023/24 harvest (April 2023 to March 2024) may have helped to increase volumes shipped abroad. On the other hand, even with the increase in Brazilian supply, the availability of the sweetener remains limited in the foreign market, which drives prices.

In the accumulated result for the year, the country exported 14.599 million tons of sugar. Revenue in the period was US$ 6.84 billion. The results represent a 15.3% advance in volume, compared to 12.66 million tons from January to July 2022, and a 37% increase in revenue, compared to US$ 4.99 billion in the same period.

Source: BroadCast Agro

To read the full original report, visit: http://broadcast.com.br/cadernos/agro/?id=YlBaNVp0SHBmRHE5K25YaThzTUp1UT09

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