• This week, only 143kmt of raws were added to CS line up;
• Total nominations for January now stands at 457kmt;
• In NNE, 26.3kmt of raws were nominated;

Brazil Monthly Exports

• Recap disclosed this week showed that 1.32mmt sailed in December – almost 30% higher yoy;
• Still, looking at 2019 exports that totalled 14.9mmt it is the lowest volume since 2008;

• For January exports, only 143kmt of raws were nominated this week in CS;
• Current estimate of exports for this month reflects the high availability of sugar in CS, and not necessarily a strong demand;

• In NNE, total exports in December reached 117kmt – the lowest volume registered in 15 years;
• As for new nominations for January, 26.3kmt of raws were added to the region line up;

Destinations 

• Exports in Q4’19 saw an improvement when compared to 2018, rising 7% ;
• Still, it is one of the lowest volumes since 2008;
• Out of the main destinations, Algeria stands out significantly almost doubling its offtake over the last quarter and ending 2019 with the higher offtake at 2.1mmt;

• Out of the new nominations this week, 25kmt for Morocco, taking total offtake so far to 57.55kmt;
• And 95kmt for Bangladesh, that is the main destination until now in Q1 with 156kmt;

Summary Table