After a downward trending period motivated by the increase in sea freight, the use of containers to export sugar seems to have regained its attractiveness in 2023. “After two years with no operations, we did 6.7 thousand tonnes in December and January and received quotation requests. These are strong indications that the market is regaining momentum,” says Vinicius Cordeiro, commercial executive manager at Brado, a company that works in the container logistics market. Brazil is the world’s largest exporter of sugar. The value of sea freight to Asia has already returned to pre-pandemic levels, thanks to the cool-off of the Covid-19 pandemic. The average rate in January 2023 was US$900, giving rise to a market movement in search of containers available for transporting the crop that begins to be harvested in April and has already started to be sold.
Sources: Notícias Agrícolas/Datamar News