• Demand is now back at the sluggish pace that has been normal this season;
  • In CS, 278kmt of raws were nominated while in NNE 18kmt of raws;
  • Shipments in October could be below expected due to delay in shipments.

CS Brazil Monthly Exports  

  • This week, 278kmt of raws were added to CS line up; 
  • Due to delays in operations, some volume from October has rolled into November, and exports this month could end slightly below initial estimates – but still a record volume for the season;  
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  • Total nominations in November stands at 455kmt; 
  • If average nominations continue at around 250kmt each week, around 200kmt should roll into December.  

Destinations  

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  • This week, 80kmt were nominated to United Arab Emirates – total offtake in Q4 stands at 232kmt; 
  • For Saudi Arabia, 60kmt – total nominations this quarter stands at 167kmt; 
  • The main offtakers this week have been Middle Eastern refineries, to understand more of this movement have a look at Market View: Sugar Week – Cut through the Noise. 

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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