• This week, 1.2mmt were nominated in CS;
  • June line up already stands at 1.7mmt;
  • Terminals seem to be seeking to accommodate more sugar.

CS Brazil Monthly Exports

  • May sugar line up now stands at 2.4mmt, with some terminals now exceeding their capacity.
  • We believe that vessels might be diverted to other terminals and part of the volume will end up rolling into June – almost 900kmt need to be shipped in 9 days.
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  • The nominations made this week have taken the June line up already to 1.7mmt.
  • We understand that terminals in both Paranagua and Santos are trying to increase the sugar share, so an increase in capacity for sugar is expected from June onwards.
  • However, given the huge volume to be shipped it might not be enough to reduce the logistical pressure over the next month.

Destinations

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  • Out of the nominations this week, 250kmt are for China – total Q2 nominations stands at 541kmt.
  • One vessel nominated for UAE this week, the first since last November.
  • Have a look at our interactive data to see Brazilian top destinations: Global Shipments. 

Port Situation: Covid – 19

  • Santos is operating normally , despite some news that circulated earlier this week.
  • A lockdown in São Paulo state is still under consideration and could have a logistical impact for sugar arriving at Santos.

Summary Table  

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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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