• Another week of good pace in nominations;
  • Latest line up data shows that 355kmt were added to CS nominations;
  • In NNE, 27kmt of raws were nominated;

CS Brazil Monthly Exports

  • Although the official recap of November has not been disclosed, we reckon that 1.33mmt of raws were exported in CS;
  • This is the lowest volume since the 2010/11 crop;
  • The issue is not availability, but rather a lack of demand;
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  • December nominations now stands at 650kmt;
  • Given the current pace of offtake seen in the season, it is difficult to see a higher volume being exported than the one registered in November;
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  • After a peak of exports in November, nominations in the region have cooled down;
  • December line up stands at 27kmt so far;

Destinations 

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  • This week, 150kmt were nominated to Saudi Arabia – 40% of the nominations this week;
  • So far, in Q4 the offtake has reached 448kmt – more than 2 times the offtake seen last year over the same period;
  • For the main importer of Brazilian sugar so far this quarter, Algeria, further 90kmt we nominated this week – total offtake in Q4 stands at 570kmt

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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