Brazil Exports 1.419 MillionTonness of Sugar and Molasses

Brazil exported 1.419 million tons of sugar and molasses in July, up 3.7% from the same period in 2022. The total revenue from exports was R$ 700.254 million. In the last month alone, Brazil exported about 690,000 tons of sugar and molasses.

In June, Brazil exported 3.081 million tons of sugar and molasses, with a total revenue of US$ 1.149 billion. The average daily export of sugar and molasses in July was 141.99 tons, up 23% from the same period in 2022. The average price of sugar and molasses exports in July was US$ 493.20 per ton.

The increased exports of sugar and molasses from Brazil are due to a number of factors, including the high demand for sugar from China and India and the favorable weather conditions in Brazil. The increased exports are also expected to help to boost the Brazilian economy.

In Brazil’s center-south sugar production rose 8.9% in the first half of July when compared with a year earlier, totaling 3.24 million metric tons, data from industry group UNICA showed in July, 18th 2023.

UNICA said in a report that 48.37 million tons of sugarcane were crushed in the period, up 4.2% from a year ago, while ethanol production totaled 2.26 billion liters, a 1.4% increase.

Mills have been looking to allocate more cane to sugar production this season to take advantage of higher prices, with the so-called production mix having favoredsugar by 50.01% to 49.99% in the fortnight, according to UNICA.

Output this season has benefited from higher agricultural yields recorded in Brazil’s main production areas, with the industry group saying that data showed yields increased 19.5% in June on a yearly basis.

“Despite the excellent result, it should be noted there is a high participation of younger sugarcane fields in this indicator,” UNICA pondered. “As their participation fades, yield gains are likely to be more moderate in coming months.”

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