Sugar exports regain pace in Brazilian ports with possibility of record in July

Published Jul 18, 2024

Tridge summary

Brazilian sugar exports have seen a surge, with appointment volumes for shipments increasing by 38% compared to the same period last year. The main destinations for these exports are Algeria, the United Arab Emirates, and Egypt. However, logistical challenges such as operational incidents, berth maintenance, and recent coastal rains in São Paulo have extended the waiting time for berthing in most sugar terminals in the port of Santos to over 20 days. If the current pace of movements is maintained, July's sugar shipment volumes could set a new record.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After two weeks of slowdown, sugar movements in Brazilian ports began to gain intensity again, according to data from Line-up DATAGRO. In the third week of July, the pace of appointments for shipments increased, recording a volume almost 38% higher than in the same period last year. The main destinations for these exports are Algeria, the United Arab Emirates and Egypt. DATAGRO highlights that the increase in the appointment of ships, combined with operational incidents, berth maintenance periods and recent rains on the coast of São Paulo, has prolonged the waiting time for berthing in most sugar terminals in the port of Santos, exceeding the 20 days. If the current pace ...

Source: Portal Do Agronegocio