Brazil sugar exports up 50% in the first half, shows shipping data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: Yahoo Finance
Brazilian Sugar Exports Surge: Brazilian sugar exports rose by 50% in the first half of 2024, totaling 15.15 million metric tons, with Indonesia as the leading destination.
Market Dynamics and Production Outlook: Despite a projected decrease in overall sugar production for 2024, strong early shipments were supported by large stockpiles from the previous year and favorable weather conditions for harvesting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
