05212018Mon

Brazil sugar at ports rises 27% as ships head to Iran, Black Sea

Bloomberg: The amount of sugar awaiting loading at ports in Brazil, the world’s largest producer, climbed 27 percent over the past week as vessels head to the Black Sea and Iran, according to Williams Servicos Maritimos Ltda. Bloomberg

By Isis Almeida

The amount of sugar awaiting loading at ports in Brazil, the world’s largest producer, climbed 27 percent over the past week as vessels head to the Black Sea and Iran, according to Williams Servicos Maritimos Ltda.

About 1.28 million metric tons of the sweetener was waiting to be loaded onto ships at the ports of Recife, Suape, Maceio, Paranagua and Santos, the country’s biggest, data e-mailed yesterday from the Recife, Brazil-based shipping agency showed. That compared with 1 million tons a week earlier.

About 12 percent, or 153,832 tons, of all the sweetener awaiting loading was heading to the Black Sea region, the data showed. Another 150,000 tons were bound to Iran and 139,000 tons to Malaysia, according to the shipping agency. Vessels scheduled to sail to Indonesia, set to be the world’s largest raw sugar importer in 2012-13, would carry 111,315 tons.

Many sugar importing countries have been re-building inventories as surpluses emerged after the shortages that resulted in prices rising to a 30-year high in February 2011, according to Lausanne, Switzerland-based researcher Kingsman SA, owned by McGraw-Hill Cos. The global sugar surplus will be 7.8 million tons in the 2012-13 season started in October, Czarnikow Group Ltd. said yesterday.

“Restocking has exceeded many analysts’ estimations, particularly in Egypt, Iran, East Africa and of course in China,” Kingsman said in a report e-mailed Dec. 17.

White, or refined, sugar for March delivery slid 0.8 percent to $513.50 a ton by 9:42 a.m. on NYSE Liffe in London. Raw sugar for March delivery fell 0.9 percent to 19.06 cents a pound on ICE Futures U.S. in New York.

Search

Iran,Isfahan, Apr. 10, 2018. Farmers Stage Major Protest Gathering in Khourasgan Square

Iran,Isfahan, Apr. 10, 2018. Farmers' Protest Rally Continues

Iran – the Portrait of Khamenei and Khomeini Was Set on Fire

>

Ahvaz, 29 Mar, Peaceful Demonstration of People Faces With Brutal Clashes by the Security Forces

IRAN, AHVAZ, Mar 27&28 People Clash With Security Agents Who Wanted to Destroy Their Houses

WARNING - VULGAR LANGUAGE March 13 - Tehran, NW #Iran‌ Protesters Celebrating #FireFest and Clashing

Iran: Video Clip, Activists Setting Fire 2 Paramilitary Bassij Center in Lavasan, North Tehran. #Fir

March 13 - Qazvin, NW #Iran‌ Protesters Starting #FireFest, Defying Authorities Banning Such #4Shanb

Iranian Opposition Organises Protest Against Presence of Iranian Justice Minister at UN in Geneva

Iran - Feb 6: Protest by swindled investors of the Caspian investment fund in Rasht

Iran: Kian Tyre factory workers protest overdue wages

Iran Protests- Jan. 5, 2018 City of Tabriz, Protests Inside the Football Stadium

Iran Protests- 5 Jan 2018 - Crowd Chants Slogan Against State Security Forces

Iran Protests- January 5, 2018 City of Tabriz, Protests Inside the Football Stadium

Iran- Dezful - South of Iran, the Funeral of Mohsen Adeli Who Was Killed by Regime During Protests

Iran Protests- January 5, 2018. Tabriz, the Repressive Special Guards Run Away From Youths

Iran Protests - Jan. 4, 2018 - City of City of Dezful -Southwestern Iran

Iran Protests- Tehran, January 3, People Fight Back Against Plain Clothes and Security Agents

Iran Protests- Tehran Jan 3, Outraged People Chanting, Death to Khamenei, Death to the Dictator

Iran Protests- Jan 4, 2018- City of Isfahan

Iran Protests- January 2, 2018 Ahwaz, Sixth Day of Uprising

Iran Protests- Sixth Day of People's Uprising Against the Regime, Tehran, January 2, 2018