Queues to ship sugar increase in Brazilian ports

According to a report made by the shipping agency Williams Brasil, the line of ships waiting to load sugar in Brazilian ports has increased. There were 28 ships in the week ending on September 18, compared to 26 during the week before, on September 11. According to the report, it was scheduled to load 946,639 tons of sugar, against 964,197 tons the previous week.

Most of the sugar must be shipped by the Port of Santos (SP): 749,195 tons, or 79% of the total. Then comes the Port of Paranaguá (PR) with 164,412 tons (17%); and Maceió (AL) with 33,000 tons (4%). The sugar cargo to be exported is of the VHP variety. The agency’s report takes into account vessels that are already moored, those that are offshore awaiting mooring, and those expected to arrive by October 2.

Exports

During the second week of September, the average daily revenue from Brazilian sugar exports was US$17.62m between the 9th and 15th. Compared to the August 2019 daily average of US$21.95m, a 12.3% decrease was observed in the value obtained daily by sugar exports in the accumulated average from September up to the 15th, which is US$19.25m.

In comparison to September 2018, which had a daily average of US$37.33m, there was a drop of 48.4% in the average daily value of exports of September 2019. With ten business days recorded in September until the 15th, 688,200 tons of sugar (raw and refined) were exported in the period, with a total revenue of US$192.5m and an average price of US$266.70 per ton of raw sugar and US$378.40 per ton of refined sugar.

The following chart, made from DataLiner data, shows Brazilian sugar exports from January 2015 to July 2019:

Chart Source: DataLiner/Datamar

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