Brazilian sugar exports increased by 50% to 15.15 million metric tonnes in the first half of 2024, according to data released by shipping company Cargonave on Friday. Indonesia has emerged as one of the most popular destinations.

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Rise in Brazil’s Sugar Exports

In the first half of the year, Indonesia accounted for 12% of Brazil's raw sugar exports, followed by India at 9% and the United Arab Emirates at 8%. India, the second-largest sugar producer in the world, usually imports Brazilian sugar to be refined and re-exported from its coastal refineries.

Analysts anticipate that Brazil will produce less sugar in 2024 than it did in 2023, according to Reuters. However, the nation began the year with surplus sugar from the previous year, which helped to sustain robust shipments in the first few months of 2024. For sugar loadings, this is usually a quieter time of year. 

A further factor in the first half's higher export volumes was the early start to the new crop's harvest and processing because of the drier-than-normal weather. If you are a sugar importer wishing to import sugar in bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you.

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