Brazil’s exports to the Arab region soared 22.5 percent year over year in volume amounting to $2.91 billion during the first quarter of 2021, SPA reported, citing figures released by the Arab-Brazilian Chamber of Commerce (ABCC).
With a month to go in the 2020/21 sugar production year (April 2020 to March 2021), Conab is estimating that Brazil will set records for sugar production and sugar exports. Brazil’s sugar production in 2020/21 is estimated at 41.8 million tons, which would be an increase of 40% compared to last year. Sugar exports in 2020/21 are also expected to be record high.
A shortage of shipping containers in India, the world’s second-biggest sugar producer, is hurting shipments even as overseas demand stays robust, according to an industry official.