WILLIAMS  SA

July 2010 Brazilian Shipments

 

According Williams SA, Brazil shipped a total of 2,418,826 tonnes of sugar (2.225 million raws/193,800 whites) in July from both the center-south and the north-east. This compares with 2,284,667 tonnes shipped in June 2010 and 1,579,756 million tonnes shipped in July of last year. 

 

Center-South

Center-south shipments in the month totaled 2,361,947 tonnes, of which 2,184,647 tonnes was raw sugar and 177,300 tonnes was white sugar.  The compares with 2,226,325 tonnes shipped last month (2.077 million tonnes of raws and 149,600 tonnes of whites) and 1,567,838 tonnes in July 2009 (1.369 million tonnes of raws and 199,318 tonnes of whites).

The major destinations for the raw sugar exports were as follows:

·         China: 388,960 tonnes (736,654 tonnes this crop [45,500 last year])

·         Black Sea: 238,600 tonnes (802,295 tonnes this crop [2.953 million last year])

·          India: 160,859 tonnes (617,475 tonnes this crop [3.873 million last yr)

·          Malaysia: 153,987 tonnes (368,837 tonnes this crop [664,222 tonnes last yr.])

·          UAE: 141,256 tonnes (602,407 tonnes this crop [1.245 million last yr])

·          EU: 134,486 tonnes (213,491 tonnes this crop [389,880 tonnes last yr])

·         Egypt: 133,100 tonnes (295,254 tonnes this crop [782,157 tonnes last yr])

·          Iran: 117,730 tonnes (385,810 tonnes this crop [492,305 tonnes last yr]

There were a total of six destinations that took between 50,000-100,000 tonnes. Therefore, the destinations for Brazilian sugar were well spread around the world although at this time few origins if any had sugar for sale. China has been the main ‘new’ destination this year for Brazilian sugar as they need cover their current deficit and this may continue in the long term depending on weather. The Black Sea continues to take their usual amount of sugar although little is actually destined for Russia due to the quantity of sugar they received when their import duty was $50 in May. Most Black Sea sugar is destined for FSU countries including Georgia and Bulgaria. India still features as a reasonable home despite moving from an importer to an exporter. However, they have capacity to toll refine in places so India may continue to feature as a destination, given continued high white premiums. The other toll refining countries, such as UAE, Algeria, Egypt and Syria continue to receive sugar at a quicker pace than previous years due to the high white premium and the running down of internal stocks at the high prices early this year. The EU continues to increase sugar imports as new regulations have turned them into a larger importer. The major destinations in the EU tend to be the UK and Portugal.

 

This brings total shipments from the center-south in the May-July period to 6,693,958 tonnes (6,344,032 tonnes of raws and 349,926 tonnes of whites) compared with 4,979,078 tonnes shipped in the same period last year (4.514 million tonnes of raws/465,368 tonnes of whites). Total shipments are 1.715 million tonnes ahead of last year comprised of 1,830,322 tonnes of raws and 115,442 tonnes less whites. The additional exports of raws are consumers, especially the toll refiners, rebuilding stocks. The white sugar shipments confirm that, despite record high white premiums, Brazilian millers have concentrated on crushing cane and, with it being quicker to produce raws; they have ignored the white premium.

 

North-East

North-eastern shipments in July were 56,878 tonnes (40,478 tonnes raws/16,500 tonnes of whites compared with 58,351 tonnes shipped last month and 11,918 tonnes of raws shipped in July 2009. This brings total shipments from the north-east in the September-July period to 2,882,080 tonnes.

 

 

 

 

 

 

Contact Information

JSG Commodities

(203) 853 3000

16 South Main Street
Suite 202,
Norwalk, CT 06854

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