• Another week of strong nominations, with 780kmt of raws added to CS lineup.
  • Still, despite the high volume, waiting time to berth remains low.
  • October nominations now stands at 3.5mmt.

CS Brazil Exports 

  • The strong pace of nominations continues, with 780kmt this week.
  • The volume added takes October nominations up to 3.5mmt.
  • So far, 1.55mmt have sailed and given the average pace of operations we believe it is unlikely to see the full volume exported this month.
  • Depending on how weather behaves in the next days, as much as 0.5mmt could roll into November.

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  • Despite the huge volume nominated, the wating time remains low.
  • Terminals at Santos are with 5 days of wating time – which is the normal average.
  • The slowdown of grains exports has opened more room for sugar, helping to keep a good pace for the sweetener exports.

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Destinations 

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  • Out of the new nominations this week, 92kmt are for Algeria – October offtake so far totals 0.14mmt.
  • Further 84kmt nominated for Malaysia this week.
  • And 73kmt for Saudi Arabia.
  • For more details on Brazilian exports, have a look at our interactive data:Global Shipments. 

Other Opinions You May Be Interested In…

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Russia’s Sugar Prices Rise During Poor Beet Crop 

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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