Brazil increases sugar exports by 25.2% in the 3rd week of this month compared to October 2023

In October 2023, Brazil experienced a significant increase in sugar and molasses exports, with the first week alone seeing a 25.2% surge compared to the month's average. As a result, the country's yield for the beginning of the month was 10.1% higher than the same period last year. From the start of the month to the third week, Brazil exported a total of 2,398,939.9 tons of sugar and molasses, bringing in revenue of US$ 1,131,740.3 thousand. Despite the increased volume, the average price per ton in October 2023 was 12.1% lower than the previous year, with the average price per ton in October 2023 being US$ 471.8, compared to US$ 536.5 in the same month of the previous year.

The amount of sugar and molasses exported by Brazil in the first week of October was 25.2% higher compared to the average shipments for the whole of October 2023, according to information from the Secretariat of Foreign Trade (Secex), released on the afternoon of this Monday (21). This allowed the country to have a yield at the beginning of the month 10.1% higher than the average for the same month last year. According to the report, up to the third week of October, Brazil exported a total of 2,398,939.9 tons of sugar and molasses. The daily average so far is 171,352.9 tons. In October 2023, this average was 136,869.5 tons, with a total of 2,874,259.9 tons for the month. This represents a total value of US$ 1,131,740.3 thousand in revenue for Brazil from sugar and molasses exports so far in October, with a daily average of US$ 80,838.6 thousand. The average for ...