• Improvement in CS nominations this week, with 389kmt added to the line-up;
  • However, despite the improvement, November exports are set to end at the lowest for the past decade;
  • The problem is not availability, but rather a lack of demand;

CS Brazil Monthly Exports

  • This week, 389kmt of raws were added to CS line up;
  • Despite the increase in nominations this week, sugar exports in November are set to end at 1.3mmt – the lowest in 10 years ;
  • This means that availability continues to roll forward;
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  • December nominations now stands at 300kmt;
  • 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;

Destinations 

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  • This week, 53kmt were nominated to Nigeria – total offtake in Q4 stands at 253kmt;
  • One vessel nominated for China with 72kmt – only the second this quarter;

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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