BRAZIL SHIPS 3.6 MILLION TONS OF SUGAR AS PORT OF SANTOS DRIVES OCTOBER SURGE

According to shipping service Williams Brasil, the number of ships waiting for sugar cargoes in Brazilian ports increased to 84 in the week ending October 8, up from 79 the previous fortnight. Scheduled exports total 3.6 million tons, with the Port of Santos accounting for 2.46 million. In September, Brazil exported 3.25 million tons, making USD 1.3 billion, but with a 26% decline in revenue and 16% drop in volume compared to the same month in 2024, reflecting weaker prices and reduced global demand. VHP sugar makes up the majority of the cargo. Despite export levels, the industry faces global pressure to reduce prices, potentially curbing profits even though Santos is still the primary export hub.
Source: Portal do Agronegócio (*Translated by Ia Niani)