SUGAR SHIPMENTS IN BRAZILIAN PORTS REACH OVER 1.2 MILLION TONS

According to the shipping agency Williams Brasil, 39 ships were ready to export sugar in Brazilian ports until March 5, with 1.272 million tons scheduled, a little rise from the previous week. The port of Santos leads the movement (535 thousand tons), followed by Paranaguá (378 thousand tons) and Maceió (134 thousand tons). The cargo consists primarily of VHP sugar, with additional types such as Refined A-45 and Crystal B-150. Predictions of increasing Chinese supply and rain in producing regions pushed sugar prices down, making the global market highly unstable. Quotations for sugar fell after reaching 18.30 cents/lb.
Source: Agribusiness Portal (*Translated by Ia Niani)