Brazil Sugar at Ports Up 1.1% as Ships Head to China, BangladeshIsis Almeida
The amount of sugar awaiting loading at ports in top producer Brazil rose 1.1 percent in a week as vessels head for China, Bangladesh, India and Egypt, according to Williams Servicos Maritimos Ltda.
Sugar waiting to be loaded onto ships at Recife, Maceio, Vitoria, Paranagua and Santos, the country’s biggest port, totaled 1.62 million metric tons, figures e-mailed yesterday from the Recife, Brazil-based shipping agency showed. That compares with about 1.6 million tons a week earlier.
Vessels scheduled to go to China were set to take 229,500 tons of the sweetener, while those bound for Bangladesh would carry 180,500 tons, the data show. Ships headed for India, the world’s second-biggest producer and top consumer, were set to take 90,000 tons and Egypt 72,050 tons.
China was the world’s biggest raw sugar importer last season and Indonesia is forecast to be the top buyer this year. India has been importing raw sugar to refine and re-export.
Raw sugar for delivery in October was 0.1 percent lower at 16.55 cents a pound by 5:19 a.m. on ICE Futures U.S. in New York.