As many as 68 ships were waiting to load sugar at Brazil’s ports in the Center South, the country’s main producing region, 7 fewer than a week earlier, according to data from shipping agency Williams Servicos Maritimos Ltda.
The vessels were waiting at the ports of Santos and Paranagua to load about 2.32 million metric tons of the sweetener as of yesterday. On July 6, 75 vessels were waiting to load about 2.65 million tons, Williams Brasil data showed.
Sugar output in Brazil, the world’s largest producer and exporter, dropped almost 19 percent from the start of the harvest to July 1, according to data from industry group Unica.
To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.