Exports of raw sugar in the first five months of the year progressed in volume and fell in values. It reveals the balance of the Ministry of Development, Industry and Foreign Trade (MDIC).
According to the balance of the ministry, between January and May, the plants exported 1,3 million tons of raw sugar, up of 7,7% compared to the 1,2 million tons shipped in the first five months of 2014.
Although the amount has grown, the amount received in dollars was lower. That means: in the first five months of this year, the export of raw sugar earned in US dollars FOB (until shipment at the port) US$ 438 million. In the same period last year, the sale generated US$ 469 million.
“The difference in favor of the 2014 performance is explained by the depreciation of the real against the dollar”, said an expert on foreign trade to JornalCana portal. Another reason, he adds, is the fact that many trading companies and traders have sale the ton of sugar at values after overcome.
The mismatch is similar in the case of refined sugar. According to the survey of the MDIC, between January and May, Brazil exported 503,5 thousand tons, up 46,2% on the 270,8 thousand tons sold abroad in the first five months of 2014.
In values, although the first five months of this year have totaled in dollars FOB US$ 179,5 million from US$ 117,2 million in the same period 2014, the largest volume of sugar shipped this year weakens the cash.
It means that on average each ton of refined exported this year generated US$ 356,5 FOB, while in 2014 the same ton resulted in US$ 270,8.