- This week, 374kmt of raws were added to CS line up;
- Total nominations for December now stands at 1.27mmt;
- In NNE, 101kmt of raws were nominated;
CS Brazil Monthly Exports
- Nominations this week took total line up for December up to 1.27mmt – in line with our estimate for the month;
- Next week a couple of vessels could still be nominated to ship in December, but due to rains forecast they will most likely roll into January;
- Current estimate of exports for next month reflects the high availability of sugar in CS, and not necessarily a strong demand.
- For NNE, 101kmt were nominated this week;
- December line up stands at 150kmt so far, and overall shipments could end lower than initial estimates;
Destinations
- This week, 95kmt were nominated to Saudi Arabia – total offtake in Q4 stands at 479kmt;
- First vessel for China this month with 73.6kmt – total Chinese offtake this quarter is at 226kmt;
- In NNE, one vessel nominated for the UK with 36kmt of raws.
Summary Table
