- This week, 1.2mmt were nominated in CS;
- June line up already stands at 1.7mmt;
- Terminals seem to be seeking to accommodate more sugar.
CS Brazil Monthly Exports
- May sugar line up now stands at 2.4mmt, with some terminals now exceeding their capacity.
- We believe that vessels might be diverted to other terminals and part of the volume will end up rolling into June – almost 900kmt need to be shipped in 9 days.
- The nominations made this week have taken the June line up already to 1.7mmt.
- We understand that terminals in both Paranagua and Santos are trying to increase the sugar share, so an increase in capacity for sugar is expected from June onwards.
- However, given the huge volume to be shipped it might not be enough to reduce the logistical pressure over the next month.
Destinations
- Out of the nominations this week, 250kmt are for China – total Q2 nominations stands at 541kmt.
- One vessel nominated for UAE this week, the first since last November.
- Have a look at our interactive data to see Brazilian top destinations: Global Shipments.
Port Situation: Covid – 19
- Santos is operating normally , despite some news that circulated earlier this week.
- A lockdown in São Paulo state is still under consideration and could have a logistical impact for sugar arriving at Santos.
Summary Table