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Maersk Market Update Latin America May 2024

Brazil exports 4.2 million bags of coffee in April, a record volume for the month and 53.3% more than in year-ago period, data shows; revenues from foreign shipments total US$935.3M, up 52.6% from year-ago period

Commentary: Latin America's consumer trends for 2024 driven by social and political stances, TikTok influence; brands should align with values of multicultural consumers, leverage viral content on TikTok, tailor products for certain ethnicities/cultures

Mexican government expects a resolution in September from a trade dispute panel with the US on the limitation of imports of GM corn by Mexico, official says

Brazil expected to process 645 million tons of sugarcane in 2024-2025 season, down 8.5% from previous cycle, hindered by irregular rainfall, according to USDA estimates

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