• Increase in nominations this week, with 420kmt of raws added to CS line up;
  • February total nominations now stand at 840kmt;
  • No nominations in NNE;

Brazil Monthly Exports

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  • Nominations in CS totalled 420kmt this week – the strongest offtake since the 2H of January ;
  • Total February nominations now stand at 844kmt;
  • We expect a large chunk of sugar to roll into March;
  • As a reminder, estimate of exports reflects the high availability of sugar in CS and not necessarily a strong demand expected going forward.
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  • In NNE, no nominations for the region this week;

Destinations

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  • Out of the new nominations this week, 88kmt are destined to Nigeria – total Q1 offtake stands at 300kmt;
  • Morocco and Bangladesh also with around 60kmt nominations each;
  • One nominations to China of 60kmt – total Q1 offtake stands at 132kmt;

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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