• This week, 652k tonnes were nominated in CS with around 360k tonnes already nominated for December.
  • The main offtaker was China, with 126k tonnes.
  • The November line up currently stands at 2.7m tonnes.

CS Brazil Exports

  • The offtake remains strong, with 652k tonnes of raws nominated in CS.
  • Interestingly, most of this volume was for December, even though November’s line-up still has room for more nominations.
undefined
  • Around 1.7m tonnes have sailed so far this month, leaving 975k tonnes to be shipped in the next 10 days.
  • A small volume for November could still be nominated next week, resulting in around 2.8m tonnes of exports, in line with estimates.
  • For December, nominations stand at 420k tonnes for raw sugar in CS.
undefined
  • Terminals in Santos have been operating well (without delays).
  • Despite the strong volume of nominations over the past weeks, there is no queue at the port and the waiting time to berth staying below five days.

Destinations

undefined
  • Out of the new nominations this week, 126k tonnes are for China; Q4’s offtake now stands at 1.5m tonnes.
  • One vessel carrying 73k tonnes is destined for the UAE.
  • A further 60k tonnes are destined for Nigeria.
  • For more details on Brazilian exports, have a look at this Interactive Data Dashboard.
undefined

Other Opinions You May Be Interested In…

undefined

Ana Zancaner

Ana graduated from Insper University Sao Paulo in 2013, with a bachelor’s degree in business administration. She joined CZ as an intern in 2013 and is now our senior analyst in our Sao Paulo office. At CZ she is responsible mainly for analysis of the Brazilian sugar and ethanol sector but supporting other consulting requests as well.

More from this author