Agri Port Services Brasil

River level starts to give positive signs as it has been registered first increase in Manaus and Itacoatiara after more than 110 days of level drop. Dredging starts in the Manaus x Itacoatiara stretch - late for this year, but hopefully mitigate drought issues for coming years.

We are pleased to announce the latest update of our monthly statistics on Brazilian Agri Products Exports via bulk vessels is available to our customers. Our data is compiled daily from public and private sources, and it undergoes comprehensive monthly reviews to ensure the utmost accuracy for our valued clients. Below, we provide insights into the key products tracked. Become our client today to receive our reports in your email and gain access to our comprehensive database for tailor-made reports. For inquiries, please reach out to us at br-aps-ops@agriportservices.com.br. We look forward to assisting you! SOYBEANS Soybean exports reached 5.16 million tonnes in the month, marking an 8% decrease compared to the same month last year. A reduction of 18% year-on-year on volumes bound to China was noted, importing 3.87 million tonnes. Notably, 50% of the beans to China were loaded in Rio Grande and Paranaguá. Year-to-date (YTD), accumulated exports have totaled 89.14 million tonnes, reflecting a 3% increase over the same period last year (86.92 million tonnes). Last year, A total of 14.40 million tonnes were loaded in Q3, leading to an overall total of 101.32 million tonnes. SOYBEAN MEALS Export volumes of soybean meal exhibited a 15% decrease this month compared to September 2023, with 1.62 million tonnes exported. This positions 2024 1 p.p. behind the volumes loaded from January to September 2023. CORN Corn exports fell by 31% compared to September 2023, concluding the month with 6.50 million tonnes shipped, down from 9.41 million tonnes in the same month last year. The total accumulated corn exports for the calendar year stand at 23.60 million tonnes, also reflecting a 31% drop from the previous year, when 33.97 million tonnes were exported. The share of Brazilian corn exported to China has dramatically decreased from 25% in 2023 to just 8% this year, resulting in a reduction of 6.65 million tonnes in purchases. In 2023 ending year, China was destination for 30% of Brazilian corn exports. Other notable declines include Japan, down 2.16 million, Colombia, down 1.39 million, and Mexico, down 1.27 million tonnes. Relevant to highlight there are no record of vessels bound for Colombia this year, and only one vessel designated for Mexico from Brazil. On a positive note, Egypt has significantly increased its imports from Brazil, purchasing 1.74 million tonnes more compared to the same period last year. SUGAR (CENTER SOUTH) Sugar exports continue to show a positive trend, with 3.54 million tonnes loaded in September, making it the second-largest month for sugar exports in recent history, surpassed only by the 3.60 million tonnes shipped in August. It was observed substantial increases in shipments to following countries: Indonesia, up 1.6 million, the UAE, up 1.2 million, and Egypt, up 0.9 million tonnes compared to the same period last year.

The European Union Deforestation Regulation EUDR updates and market statistics for Brazilian Soybeans and byproducts market.

Amazon Drought Season - Week 40 update

October Export estimates - Week 40

September Export estimates - Week 40

Following our series of updates of Amazon River, below our updated graphic. The forecast for the river level (red lines) both for Manaus and Itacoatiara are based on water gauge mark behaviour of 2023 summed to current water gauge.

September Export estimates - Week 38

Amazon River - Itacoatiara/ Manaus draft update Water gauges in Manaus and Itacoatiara recorded a decrease of 1.70m in water level the past 7 days, marking 15.77m in Manaus. According to report received from Manaus Pilots, this is the lowest level for mid September. Last vessel sailed Manaus on Sep 14th with 8.60m draft and after that date, there is no records of other vessels crossing the river.

In August 2024, Brazilian Center-south ports loaded 3.6 million tons of sugar in bulk, marking the highest monthly volume ever recorded. This surge in activity comes amid expectations that Brazilian exports will surpass previous annual records. Production challenges faced by Brazil's main competitors have significantly contributed to these impressive figures, although at Agri Port Services, we will focus our analysis on the volumes loaded by terminal. Previous record for sugar loaded in a single calendar month was set in October 2020, when 3.23 million tons were shipped, while last year saw the highest volume loaded in a calendar year, totaling 24.92 million tons. So far this year, 19.82 million tons have been exported, representing a 41% increase compared to the same period last year—equating to an additional 5.8 million tons. This growth can be attributed to (i) 4.1 million tons from Santos, (ii) 1.1 million tons from Paranaguá, and 600,000 tons from operations at “alternative ports.” During August, the Port of Santos experienced one of the driest months in its history, with approximately 90 hours of operational downtime due to rain, ultimately allowing terminals to achieve exceptional performance. For instance, CLi loaded 1.5 million tons in August, comprising sugar, grain, and soybeans, of which 0.94 million tons were sugar. Besides the reduced rain downtime at the port's wharves, it is noteworthy that Tiplam prioritized sugar loading, utilizing their two berths dedicatet to exports for the loading of the sweetener, exceeding 800,000 tons of sugar in the month. In the Port of Paranaguá, the investment plans implemented by PASA, completed in the second half of 2023, have shown positive results. Coupled with the dry weather, these improvements enabled the terminal to load 819,372 tons for the month, marking a new historical record for the terminal – PASA recently expanded its static capacity by 90,000 tons and installed a second shiploader, increasing its nominal loading capacity to 4,000 tons per hour. Additionally, operations at “Alternative ports” have provided extra capacity for exports. Due to significant congestion at conventional ports and terminals, shippers have turned to alternative ports to balance domestic logistical challenges against demurrage costs, with Imbituba and São Sebastião standing out in this context.  Current projections indicate robust numbers for September, with expectations of loading 3.75 million tons of sugar, weather permitting. However, anticipated rains later in the month could potentially reduce this figure. Nevertheless, we may approach a total of 23 million tons of sugar exports for the year, positioning Brazil for record-breaking sugar export figures in the coming years.