Important note about Brazilian Sugar Market

Sugar ICUMSA 45 is only produced in large quantities after confirmed sales, in the Brazilian domestic market only industries use this type of sugar, recently the sugar ICUMSA 45 was introduced in the domestic market with denomination " Top Quality".

 

Sugar ICUMSA 45  in large quantities stored in ports or warehouses does not exist.
In large quantities stored in warehouse only Raw sugar, Crystal sugar iCUMSA 100 and 150.

 

Out of the 38 million tons of sugar produced in Brazil by 2009 only 4.5 million tons were ICUMSA 45.

 

Brazil Sugar Export - 2.009

 

Raw Sugar  (VHP)                                                71%  

 

Refined Crystal Sugar ICUMSA 100-150                  19% 

 

Refined sugar ICUMSA 45  "Top quality"                  8% 

 

Others                                                                 2%

The issue of logistics is also complex.

Currently the ports of Santos and Paranagua there many ships waiting for berthing and consequences for all warehouses are completely blended.

 

The cost of storing sugar ICUMSA 45 produced, bagged and stored in the port is very high, which makes it unfeasible.

 

Therefore sugar refining, storage and bagging for shipment only be achieved after the sale effectively.

 

The average delivery time of sugar at the port ready for shipment can several 30-45 days depending on the refining, transportation to the port of load and delay in berthing of vessels.

Past Performance and  Proff of Products

Eliora Internacional Ltda., does not provide history of past transactions as this is against the law and contract rules established between seller and buyer, NCNDA of ICC - non-circumvention non-disclosure agreement of International Chamber of Commerce. 

Many documents are used fraudlently, therefore can not report past performance nor provide any copy of SGS inspection, certificates of origin and others.

 

We had many problems with documents  used illegally by companies / brokers who are acting in the international sugar market on our behalf without our permission.

Eliora Internacional Ltda., does not provide proof of product anytime before contract signature and bank to bank swift with proof of funds. 

Please do not insist as we understand any communication that is not bank to bank has no value either for us or for the buyer. 

It is very easy to issue a "fake" proof of product without bank to bank communication so we don't do it.

Sugar available in containers, Break bulk in bags and Bulk vessels:
 

Sugar in containers 20 ´

Icumsa 45 - 100 - 150

Max.  26 m/tons

package: Polybags 50 kilos

520 polybags  per unit
Raw sugar in containers 20´

Only in big bags 1 m/ton or 2 m/tons

Max. wheight 20 m/tons with 20 big bags per unit


Prices C&F or CIF depending quantity and destination. 

Sugar Icumsa 45 - 100 and 150

In Break Bulk vessel

Package: polybags 50 kilos

Vessel Qty:

12.500 m/tons

25.000 m/tons

50.000 m/tons

Raw sugar -  Icumsa 800 - 1200

Bulk cargo

Only in bulk vessel

Vessel Qty.

12.500 m/tons

25.000 m/tons

50.000 m/tons
 

Procedures for Sugar Spot:

- Buyer issues ICPO and BCL (ICPO endorsed by bank officer)
- Seller approves ICPO and sends the Draft Contract
- Buyer // Seller sign the Contract 
- Buyer opens non-operative SBLC or MT 103 to seller bank
- Seller issues POP to turn operative the financial instrument
- Shipments starts as per contract terms.

Procedures for Sugar Contracts:
 

- Buyer issues LOI and BCL
- Seller issues FCO
- Buyer returns FCO signed / stamped
- Seller approves and sends the Draft Contract
- Buyer // Seller sign the Contract 
- Buyer opens non-operative BG or SBLC to seller bank
- Seller issues Performance Bond Guarantee 2% and POP to turn operative the financial instrument
- Shipments starts as per contract terms.


SGS INSPECTION:

SGS is the worlds leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity.