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Brazilian commodity exports were very strong in 2020 as a weaker real and pandemic-driven consumption shifts boosted shipments. Sugar exports for the first eight months of the 2020/21 season were 79.2% higher year on year.
Port congestion at Santos has become a logistical problem, with sugar loading waits reaching 45 days in June.
Strong Brazilian export demand and port bottlenecks tighten logistics for shipments and may lift freight costs.
datamarnews.comRuth HollardDec 29, 2020After 244 past bearish events of any kind, Brazilian Real (BRL per USD) moved a median -0.4% over 5 sessions (43% higher; middle half -1.7% to +0.9%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
