• February whites container exports totalled 138kmt;
  • It is another month of improvement, but cumulatively for the season the volume is still one of the lowest of the past 13 years;
  • West African countries remain as top destinations;

  

Low Whites Exports

  • Another improvement in exports, February container exports came higher than initial estimates at 138kmt – 40% higher yoy;
  • On a cumulative basis (since April) Brazil exported 1.58mmt – the lowest volume of the past 13 years;
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  • Just a note on stats: container data has over 1-month delay which is why we are writing only now about February exports;
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  • Looking at quality of whites exports out of Brazil, the majority is of crystal sugar, with the remainder composed of small volumes of refined, organic and direct consumption raws;
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  • Ghana, Togo and Guinea remain one of the main offtakers of white Brazilian sugar;
  • Out of the destinations of February, Colombia pops out importing 10kmt – the average offtake had been under 2kmt for the past 2 years;

White Sugar Export Profile

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  • The tendency of white sugar exports in CS has moved towards container shipments;
  • Break bulk exports has diminished significantly each year due to the size of the shipments and most significantly due to terminal availability;
  • Terminals in CS (specially Santos) prefer to work with bulk cargos that are more efficient;
  • Meanwhile, in NNE the majority of white sugar exports are made via break bulk due to the terminals higher idle capacity.

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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