According to Williams Brazil, 38 ships were waiting to load 1.502 million tons of sugar in the week ending February 5 at Brazilian ports. With a total of 905,068 tons, Santos Port is the most important port for exports, followed by Paranaguá and Maceió. Varieties such as refined A-45, VHP, and TBC are among those sent abroad. As a result of the strong Brazilian currency, Brazilian exporters are becoming cautious, although sugar futures for March 2025 reached 20.19 cents a pound on the New York Stock Exchange. Down under heavy downpours have cut sugarcane harvests by nearly 130,000 metric tons. The Green Pool consultancy predicts a modest surplus in global supply in 2025-26, alongside a production increase.
Source: Portal do Agronegócio (*Translated by Ia Niani)
SUGAR SHIPMENTS IN BRAZIL SET TO HIT 1.5 MILLION TONS THIS FEBRUARY
Published On - 14 de February de 2025