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12.05.2017

BRAZIL REGISTERS HISTORICAL RECORD IN SUGAR SHIPMENTS

The delivery of sugar against maturity May / 17 totaled 29,947 lots or 1,521,378 tons. Brazil will be the only point of sugar delivery, with 29,404 batches to be delivered by the port of Santos and the remaining volume of 543 batches by the port of Maceió. This was the highest volume of sugar ever delivered through Brazilian ports in history. According to DATAGRO, this fact evidences the high inventory of the product in the Brazilian domestic market, causing the producers to trust the delivery on the stock market given the lack of space in the physical market. Also according to DATAGRO, the Chinese company COFCO was responsible for delivering much of the sugar, (1,493,792 tons). Another five companies divided the product deliveries: EDF & Man, Wilmar, Alvean, Louis Dreyfus and Bunge.

Universo Agro