• Nominations have seen a steady volume, with 330kmt of raws added to CS line up;
  • Interesting was one vessel nominated to Indonesia – the first since January 2018;
  • In NNE, 37kmt of raws nominated;

Brazil Monthly Exports

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  • Nominations in CS totalled 330kmt this week – small reduction from the previous week;
  • Total February nominations now stand at 1.1mmt;
  • We expect a large chunk of sugar to roll into March;
  • As a reminder, estimate of exports reflects the high availability of sugar in CS and not necessarily a strong demand expected going forward.
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  • In NNE, one vessel nominated of 37kmt of raws;

Destinations

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  • Out of the new nominations this week, 83.5kmt are destined to Bangladesh – total Q1 offtake stands at 534kmt;
  • Algeria with around 84kmt nominated;
  • And a striking nomination to Indonesia of 52kmt – a first since January 2018;

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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