• After 3 weeks of volumes nominated higher than 750kmt, this week offtake has slowed down.
  • In CS, only 6 vessels were nominated this week for raws exports.
  • October nominations now stands at 3.6mmt.

CS Brazil Exports

  • Offtake has slowed down this week, with only 250kmt of raws nominated in CS.
  • The volume added takes October nominations up to 3.6mmt.
  • So far, 2.3mmt have sailed and given the average pace of operations we believe it is unlikely to see the full volume exported this month.
  • Nonetheless, we expect to see around 3.3mmt exported in October which would be a record for the month.
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  • The NNE is also seeing a good pace in offtake.
  • With 2 months in the new 20/21 season, October exports could be one of the highest in 9 years.
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Destinations

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  • Out of the new nominations this week, 41kmt are for Iraq – Q4 offtake so far totals 0.13mmt.
  • One vessel for UAE, this week taking total Q4 nominations to 300kmt so far.
  • And 47kmt for Algeria.
  • For more details on Brazilian exports, have a look at our interactive data: Global Shipments.

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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.

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