What we do
Vitol is a significant participant in the world sugar market, with a wealth of experience in the sector dating back to 1992. Today we trade up to 5% of the world's physically traded sugar in free market areas, adding value to trade flows from producers in the Western and Eastern hemispheres to markets in North Africa, the Black and Baltic Seas, the Middle and Far East. Annually, we move 1.5m tonnes and trade 2.5m tonnes of raw sugar in bulk. We spot charter and time charter vessels ranging from 20,000 to 50,000 tonnes.
Where we do it
Vitol works with producers in Brazil, Central America, Thailand, India and South Africa, and end-users in North Africa and the Middle East, Russia and other former Soviet Republics, the Subcontinent, South East Asia and the Far East to source and place their physical requirements.
How we do it
Vitol is ideally placed to draw on our knowledge of both energy and sugar, at a time when ethanol production is growing due to the mandated use of alternative fuels.
We work with clients on what has, historically, been one of the most volatile of agricultural commodities. This could include making sense of a market such as India, which alternates from being a major exporter to a significant importer, as well as how to access the important opportunities that continue to develop in countries such as China.
We invest time in building long term relationships with our customers, helping where necessary with finance solutions and working together to anticipate – and react to – changing market conditions.
Raw sugar vitol transports annually
Raw sugar vitol trades annually