- Nominations stayed strong this week, with 600kmt of raws in CS.
- May volume for exports now stands at 2.5mmt.
- At this stage we feel that the logistical space is topped.
At the limit
- Nominations in CS totalled 600kmt of raws this week, taking May total offtake to 2.5mmt.
- This volume is above what we saw exported last season, and above what we believe is the capacity allocated for sugar exports.
- Future nominations should roll into June.
- Despite the large volume of the past couple of weeks, waiting time to berth is holding steady.
- Santos registered this week an average of 9 days at its sugar terminals.
Destinations
- Out of the new nominations this week, 122kmt of raws to Algeria – which is now 10% above last year’s offtake.
- Bangladesh with 107kmt of raws nominated – total offtake this quarter stands at 230kmt.
- And 120kmt to China.
- For more details on Brazil’s sugar exports, take a look at our Global Shipments Interactive Dashboard.
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- Market View: Sugar’s Wide Range
