Brazil’s Sugar Exports to Reach the Highest Level with Doubling Supplies to China
Nov 2, 2021
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From January to August 2021, Brazil’s exported 23.7M tons, which was 26% larger than in the same period of 2020. This year, China’s sugar purchases from Brazil have doubled, reaching 4M tons. Shipments to Algeria, Nigeria, Saudi Arabia, Malaysia, Canada, and the United Arab Emirates have also grown sharply. Last year, sugar exports from Brazil hit record 27M tons, jumping by +67% y-o-y. In value terms, exports constituted $7.4B. China, Algeria and Bangladesh were the largest importers of Brazilian sugar in 2020.