Rising exports from India and Thailand are expected to partly replace Brazilian sugar in Asia and the Middle East. This could damage tonne-mile demand in the dry bulk market, Drewry reports.
Brazil is the upmost sugar exporter globally, considering that it exports sugar to more than half of the world. Yet, it has revealed signs of decline this year because of the competition coming from international market at a high rise in oil prices. The increase of oil prices make Brazil divert more...
https://safety4sea.com/drewry-increasing-indian-sugar-exports-could-hurt-dry-bulk-market/