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- Nominations have slowed down, but China remains as top destination.
- CS saw 380kmt of raws nominated this week.
- September has already 2.4mmt nominated.
CS Brazil Monthly Exports
CS Raws Line Up – August registers record raws exports from CS
- Further tonnage rolled from August to September, leaving 2.87mmt of raws exported last month in CS – an all-time record.
- With the volume rolled from August and the 380kmt nominated this week, September line up stands at 2.4mmt .
- Most of the volume is at Rumo, that remains with a high waiting time to berth of around 19 days.
2020 Santos Exports per Terminal
- Corn exports should wind down from now on, reducing logistics competition with grains, and opening more room for sugar exports.
- The question is: will sugar offtake remain high?
Destinations
CS Brazil Raw Sugar Main Destinations in Q3
- Out of the new nominations this week, 66kmt are for China – total Q3 offtake so far totals 1.5mmt, the highest offtake for Q3 in 7 years
- For Nigeria, 50kmt nominated this week – Q3 nominations are 15% higher than last year.
- For more details on Brazilian exports, have a look at our interactive data: Global Shipments.
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