Brazil’s Sugar at Ports Rises 7.7% as Rains Disrupt Loadings
The amount of sugar waiting to be loaded at ports in top producer Brazil rose 7.7 percent in the week ended yesterday as vessels headed for China amid rains that are disrupting loadings, data from Williams Servicos Maritimos Ltda. showed.
The total amount of sugar waiting to be loaded at the ports of Recife, Maceio, Vitoria, Paranagua and Santos, the country’s biggest, was 1.65 million metric tons, data from the Recife, Brazil-based shipping agency e-mailed yesterday showed. That’s up from about 1.53 million tons the week earlier.
The ports of Santos and Paranagua got rain yesterday, disputing loading operations, Luiz Carlos dos Santos Jr., head of sugar brokerage and operations at SA Commodities in Santos, said in a report e-mailed yesterday. Harvesting and crushing may also have been disrupted, he said.
Vessels scheduled to go to China were set to take 270,720 tons of the sweetener, while those bound for Egypt would carry 152,500 tons, the data show. Ships headed for Iraq were set to carry another 78,450 tons.
China was the world’s biggest raw sugar importer last season and Indonesia is forecast to be the top buyer this year, according to U.S. Department of Agriculture data.
Raw sugar for delivery in October was 0.2 percent lower at 17.22 cents a pound by 5:43 a.m. on ICE Futures U.S. in New York.
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