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USA: Brazilian sugar premiums rise on logistical bottlenecks

Logistical inefficiency to export raw sugar is raising market concerns about possible delays to deliver the sweetener to end consumers within June, encouraging some trading houses to raise premiums for named berths.

Brazil has been playing an import role in lowering the global sugar deficit for 2019-20 (October-September) by maximizing its sugar production in the first months of the crop, an usual aspect, however the logistical bottlenecks can hamper that flow.