AIRLINK 61.20 Increased By ▲ 0.23 (0.38%)
BOP 6.40 Increased By ▲ 0.11 (1.75%)
CNERGY 4.46 Increased By ▲ 0.13 (3%)
DFML 16.20 Increased By ▲ 0.34 (2.14%)
DGKC 69.84 Increased By ▲ 0.54 (0.78%)
FCCL 18.20 No Change ▼ 0.00 (0%)
FFBL 26.50 Increased By ▲ 0.25 (0.95%)
FFL 9.27 Increased By ▲ 0.04 (0.43%)
GGL 10.35 Increased By ▲ 0.10 (0.98%)
HBL 115.81 Decreased By ▼ -1.19 (-1.02%)
HUBC 114.55 Increased By ▲ 0.07 (0.06%)
HUMNL 6.93 No Change ▼ 0.00 (0%)
KEL 4.90 Increased By ▲ 0.01 (0.2%)
KOSM 5.35 Increased By ▲ 0.02 (0.38%)
MLCF 38.60 Increased By ▲ 0.10 (0.26%)
OGDC 124.65 Increased By ▲ 0.68 (0.55%)
PAEL 21.98 Increased By ▲ 0.13 (0.59%)
PIAA 12.80 Increased By ▲ 1.00 (8.47%)
PIBTL 6.14 Increased By ▲ 0.04 (0.66%)
PPL 115.50 Increased By ▲ 1.75 (1.54%)
PRL 28.36 Increased By ▲ 0.06 (0.21%)
PTC 11.41 Decreased By ▼ -0.04 (-0.35%)
SEARL 52.23 Decreased By ▼ -0.07 (-0.13%)
SNGP 67.90 Increased By ▲ 0.20 (0.3%)
SSGC 11.40 Increased By ▲ 0.07 (0.62%)
TELE 7.85 No Change ▼ 0.00 (0%)
TPLP 11.60 Increased By ▲ 0.02 (0.17%)
TRG 71.96 Increased By ▲ 0.15 (0.21%)
UNITY 23.05 Decreased By ▼ -0.05 (-0.22%)
WTL 1.31 Increased By ▲ 0.02 (1.55%)
BR100 6,759 Increased By 42 (0.63%)
BR30 22,678 Increased By 161.2 (0.72%)
KSE100 65,709 Increased By 383.6 (0.59%)
KSE30 22,284 Increased By 138.8 (0.63%)

SAO PAULO: The congestion at the main Brazilian ports for agricultural commodities exports could exacerbate tightness in the global sugar market, according to the co-head of sugar trading for Sucden, Dimitri Varsano.

Speaking to Reuters before the Sugar Dinner in Sao Paulo Thursday night, Varsano said the delays of up to 35 days to load sugar at the Santos port could increase if there are more rains in November, a situation that could drive sugar prices even higher.

The trader said Brazil’s record sugar season will not be enough to offset bad crops elsewhere, citing production problems in India, Thailand, Mexico and the United States, all related to unfavourable weather.

“And if it is not a production deficit, it is a logistical deficit, because Brazil can not export the entire production. It is going to be the case for this year, and it is going to be the case for next year,” Varsano said.

Comments

Comments are closed.