Positive Outlook For Brazil’S Sugar Exports
Date
8/22/2024 11:38:24 PM
(MENAFN- Brazil-Arab News Agency (ANBA))
São Paulo – The international sugar market outlook is favorable for producing countries, and demand for Brazilian sugar remains strong. This information comes from the sugarcane harvest estimate released by Brazilian agency Conab on Thursday (22). Brazil primarily produces sugar from sugarcane and is expected to harvest the second-largest sugarcane crop in history during the 2024-25 season, with 689.8 million tonnes.
Between April and July, Brazil exported 11.6 million tonnes of sugar, according to data from the Ministry of trade. This volume was 27.1% higher than the amount shipped during the same period of the previous harvest. Revenue reached USD 5.6 billion, an increase of nearly 24%.
Sugar output
According to Conab, the outlook for the coming months is that favorable prices for producers will persist, as a decline in production is projected in Asia. Brazil is expected to produce 46 million tonnes of sugar from the 2024-25 harvest, an increase of 0.7% compared to the previous period, which would be a record if Conab's estimates are confirmed.
Read more:
Nearly a quarter of Brazil's sugar exports go to Arabs
Translated by Guilherme Miranda
Claudio Neves/Ports of Paraná
The post Positive outlook for Brazil's sugar exports appeared first on ANBA News Agency .
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