Brazil: Sugar exports up 27 per cent in the year, ethanol up 3.1 per cent

Brazil exported 1.309 million metric tonnes of sugar in February, down 18.7% from January and up 12.4% from the same month in 2019, shows data released by the Ministry of Economy on March 2, according to Brazil’s Estadao Conteudo news service.

Revenues from total sugar exports in February reached US$388.8 million, down 17.3% from January and 14.6% higher than in February 2019.

In the first two months of 2020, Brazil exported 2.92 million tonnes of sugar, up 27% year-a-year, resulting in US$859.1 million in revenues.

Ethanol exports reached 164.2 million litres in February, up 110.3% from January and 46.7% more than in February 2019. Revenue from ethanol exports last month increased by 118.5% from January and 47.1% from February 2019, to US$94.1 million.

Brazil exported 242.4 million litres of ethanol in January and February 2020, up 3.1% year-on-year, totaling BRL 137.2 million in revenue (+7.4%).

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