Ships and warehouses containing grains and sugar are seen at TIPLAM (Integrator Port Terminal Luiz Antonio Mesquita) from VLI Multimodal S.A. at Santos port, in Santos, Brazil May 25, 2023.
Raw sugar is usually shipped in bulk, while refined sugar uses containers.
ING analysts said some sugar shipments scheduled to depart Brazil in October will likely be pushed to November.
A director at one of the largest sugar exporters in Brazil said, however, that buyers were already expecting the delays.
The forecast is for only light rains in the coming days at Santos, with heavier downpours expected from Oct. 28.
Persons:
Antonio Mesquita, Amanda Perobelli, Williams, Marcelo Teixeira, Jamie Freed
Organizations:
REUTERS, Shipping, ING, Santos, Thomson
Locations:
Santos, Brazil, New York