A rush of Brazilian sugar cargoes unusually heads to Russia -data

Reuters
  -  
Thursday, March 17, 2022
NEW YORK, March 17 (Reuters) - At least five vessels are headed toward Russia with nearly 200,000 tonnes of Brazilian raw sugar sold by European traders, according to shipping data seen by Reuters, about double the country's normal annual imports of the sweetener. The volume of sugar being shipped is unusually high, traders said, noting Russia tends to import roughly 100,000 tonnes of sugar per year. Russia is not a notable importer or exporter of sugar, but Russians have started to hoard the sweetener.
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