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03.12.2007

High Sugar-Freight Market makes foreign sale unfeasible

By Inaê Riveras

SÃO PAULO, (Reuters) – The high maritime freight rates on the spot market continues to discourage sales of sugar from Brazil where some mills have repurchased the product from traders on account of the lack of buyers overseas, the traders stated on Friday.

In view of the ample discounts on the premium market, the sugar mills have preferred to keep the product in stock rather than to sell it.


MERCADO DE AÇUCAR - FRETE ALTO INVIABILIZA VENDAS EXTERNAS

Por Inaê Riveras

SÃO PAULO, (Reuters) - O frete marítimo alto
no mercado spot continua desestimulando vendas de açúcar do
Brasil, onde algumas usinas têm recomprado o produto de
tradings devido a uma falta de compradores no exterior,
disseram traders na sexta-feira.

Diante dos amplos descontos no mercado de prêmios, as
usinas têm preferido manter o produto em estoque em vez de
vendê-lo.

REUTERS