• This week, only 143kmt of raws were added to CS line up;
  • Total nominations for January now stands at 457kmt;
  • In NNE, 26.3kmt of raws were nominated;

Brazil Monthly Exports

  • Recap disclosed this week showed that 1.32mmt sailed in December – almost 30% higher yoy;
  • Still, looking at 2019 exports that totalled 14.9mmt it is the lowest volume since 2008;
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  • For January exports, only 143kmt of raws were nominated this week in CS;
  • Current estimate of exports for this month reflects the high availability of sugar in CS, and not necessarily a strong demand;
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  • In NNE, total exports in December reached 117kmt – the lowest volume registered in 15 years;
  • As for new nominations for January, 26.3kmt of raws were added to the region line up;

Destinations 

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  • Exports in Q4’19 saw an improvement when compared to 2018, rising 7% ;
  • Still, it is one of the lowest volumes since 2008;
  • Out of the main destinations, Algeria stands out significantly almost doubling its offtake over the last quarter and ending 2019 with the higher offtake at 2.1mmt;
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  • Out of the new nominations this week, 25kmt for Morocco, taking total offtake so far to 57.55kmt;
  • And 95kmt for Bangladesh, that is the main destination until now in Q1 with 156kmt;

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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