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Watch on - Brazil's commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to increase in southern ports, according to traders, analysts and shipping data.
Brazil ports have been dealing with high volumes this year, but rains in the south, the largest ever delivery of sugar on the expiration of the October contract in New York and the diversion of cargoes from northern ports to Santos port as a drought cut the Amazon River's water levels added pressure to the system.
According to shipping data provider Datamar, container use for sugar exports jumped 86% in the year through August versus the previous year, while the number of containers used for coffee fell 5%.Shipping agency Williams said the waiting time at CLI, a main sugar terminal in Santos, rose to 33 days on Wednesday from 17 days in September.
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