The prospects for foreign sales of Brazilian sugar are the best possible in 2011 due to strong external demand. The situation is so promising for the country, that recently the EU signaled that it should facilitate the import of sugar for the member countries so they don’t experience a crisis similar to the one experienced by Portugal. Another relevant factor is the decline of sugar production in Australia, one of the leading world exporters.
In 2010, Brazil had a significant 43% advance of sugar exports. Experts say the increase is due to tight supply of the product in international market and the large external demand. The country exported $ 8.6 billion of raw sugar last year, reports the Secex – Secretary of Foreign Trade.