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Monday, September 23, 2019

Maritime Logistics Professional

May 24, 2018

Sugar Stocks at Brazilian Ports 'Near Zero'

© Amarinj / Adobe Stock

© Amarinj / Adobe Stock

 Sugar stocks at the main exporting ports in Brazil, the world's largest producer and exporter of the sweetener, are "near zero" due to truckers' protests in the country, industry group Unica said on Thursday.

In a statement, Unica said that if protests do not end, sugar and ethanol shipments will be suspended soon. The group said there are widespread impacts to the sector, citing reduced ethanol sales by mills due to lack of transportation to fuel distributors and slowing cane harvest amid reduced diesel supplies for machines.

(Reporting by Ana Mano, José Roberto Gomes and Marcelo Teixeira; Editing by Cynthia Osterman)