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  • A slowdown in nominations was seen this week;
  • In CS, 252kmt were nominated while in NNE 52kmt of raws;
  • Inland terminals stock levels are normalizing.

CS Brazil Monthly Exports 

  • This week, 252kmt of raws were added to CS line up; 
  • It is a slowdown from previous weeks, but still is enough to take the volume of export in October close to the estimated 1.9mmt; 
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  • The situation at the ports has normalized, and sugar is being discharged normally;
  • Meanwhile, inland terminals stocks are still high but situation is improving gradually.

Destinations 

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  • This week, 23kmt were nominated to Bangladesh – total offtake in Q4 stands at 232kmt;
  • For Algeria, 47kmt – total nominations this quarter stands at 234kmt, making the country the third offtaker of CS sugar so far in Q4’19.

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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