São Paulo – The Brazilian industry shipped less sugar to the Arab world from January to October this year. According to figures supplied by the Brazilian Ministry of Development, Industry and Foreign Trade, 6.1 million tonnes of the commodity were sold to the region, as against 7.1 million during the same period of 2010. The volume represents a decline of 13%.
Revenue-wise, however, exports have increased, from US$ 3.1 billion in the first ten months of last year to US$ 3.6 billion in the same period this year, indicating that the product was sold at a higher price. Sugar is one of the main items in the basket of exports from Brazil to the Arab world.
Brazilian exports of the commodity declined not only to the Arab market this year, but overall, because there were crop issues stemming from frost, among other problems. The country’s domestic market is also quite heated.
*Translated by Gabriel Pomerancblum
