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Bulk carrier being loaded with sugar at sunset

From origination to delivery, we are the single point of coordination and accountability between buyers and sellers.

Brazil has been the world's largest sugar exporter for two decades — yet the market still has several structural challenges:

01

International buyers have difficulty qualifying Brazilian suppliers that combine volume, quality, and contractual stability.

02

Brazilian sellers struggle to reach institutional international buyers directly and to meet the required standards and certifications.

03

Multiple intermediaries operate across the chain, and the absence of a single counterparty dilutes accountability and amplifies operational and financial risks.

To solve these challenges, we created a hybrid model of trade advisory and operational brokerage, organized around four core workstreams:

Access to Global
Buyers


We connect Brazilian sellers to an extensive portfolio of institutional buyers around the world.

Due Diligence and Qualified Matchmaking


We perform due diligence upfront and present only counterparties vetted for financial, operational, and regulatory capacity.

Documentation and Contractual Governance


We structure and validate all transactional documentation, ensuring legal integrity and cross-border enforceability.

End-to-End Operational Management


We act as the single point of coordination and accountability between the parties, from start to finish of the operation, communicating frequently and transparently.

Fidens trades the full spectrum of sugar — from the ICUMSA 45 and VHP benchmarks to refined, raw, and specialty grades.

ICUMSA 45

Refined White Sugar · Global Benchmark


The world reference for high-purity refined white sugar, ready for direct food and industrial use.

VHP

Very High Polarization · Raw Cane Sugar


Raw cane sugar, the primary feedstock for refineries. The world reference for raw sugar.

Other grades — structured via our partners' network

ICUMSA 100 · Refined White ICUMSA 150 · White Crystal Demerara · Specialty Raw Organic · Certified Cane

Price is sensitive information and is released only through a Soft Corporate Offer (SCO), issued by Fidens after receipt of a formal Letter of Intent (LOI).

Every transaction follows a strict, standardized sequence: LOI SCO SPA Payment instrument (DLC/SBLC) Shipment

We structure supply around the buyer — Spot, Annual, or Multi-year agreements.

Bulk sugar pouring into ship hold

Spot

One-off operations


Volume and price locked per transaction.

Annual

12-month


Continuous supply, with trial shipment available.

Multi-year

24-month


Continuous supply, with trial shipment available.

Delivery terms

Delivery terms grouped by where the cargo sits — at origin, or already on the ground.

Product still at origin

Brazil — before export

FOB Free on Board


Seller delivers the cargo on board the vessel at the origin port; risk and cost transfer once the goods are on board.

CIF Cost, Insurance & Freight


Seller pays freight and insurance to the destination port; risk transfers at origin.

DDP Delivered Duty Paid


Seller bears everything: freight, insurance, import duties, customs and inland logistics.

Product on the ground (OTG)

At destination — imported and cleared

EXW Ex Works


Product made available at the destination warehouse; the buyer arranges collection.

FCA Free Carrier


Seller hands the product to the buyer's designated carrier at the destination.

Incoterms 2020. Other terms — FAS · CFR · CPT · CIP · DAP · DPU — available on request.

+50

Brazilian mills reachable through our partners' network, accessing millions of metric tons per year.

+200

thousand MT / month

Ready for Spot or Multi-year agreements, delivered under the main Incoterms 2020.

Fidens has established routes to the United States, Europe and Asia.*

* For other markets — including Brazil and the Middle East — get in touch.