Technical references on Fidens and our operation.

Brazil has been the world's largest sugar exporter for two decades, yet the market still has structural gaps: Brazilian sellers struggle to reach institutional international buyers directly and to meet the required standards and certifications; international buyers have difficulty qualifying Brazilian suppliers that combine volume, quality and contractual stability; multiple intermediaries dilute accountability and amplify operational and financial risks. Fidens was created to close these gaps — a single, accountable counterparty between origin and destination.

Fidens rests on four pillars. Access to Global Buyers — we connect Brazilian sellers to an extensive portfolio of institutional buyers around the world. Due Diligence and Qualified Matchmaking — due diligence upfront and curated presentation of counterparties vetted for financial, operational and regulatory capacity. Documentation and Contractual Governance — structuring and validation of all transactional documentation, ensuring legal integrity and cross-border enforceability. End-to-End Operational Management — single point of coordination and accountability between the parties, from start to finish.

Fidens maintains a network of renowned partners — mills, independent traders and cooperatives — with access to a relevant share of Brazil's exported sugar volume. This network secures supply capacity in the order of hundreds of thousands of metric tons per month, ranging from product ready for shipment to annual contracts for continuous supply. Origination is preceded by due diligence on both sides: seller and buyer.

Brazil is the world's largest producer and exporter of sugar, accounting for roughly 45% of globally exported sugar volume. The country operates one of the most consolidated bulk port infrastructures and maintains a harvest calendar complementary to the Northern Hemisphere. For institutional buyers, this means reliable volume, scale and origin flexibility within a single jurisdiction.

Fidens operates under three contracting modalities: Spot (one-off operations, with volume and price locked per transaction), Annual (12-month continuous supply) and Multi-year (24-month continuous supply) — recurring contracts include a trial shipment. Delivery terms follow Incoterms 2020, grouped by where the cargo sits. While the product is still at origin in Brazil: FOB (delivered on board at the origin port), CIF (cost, insurance and freight to the destination port) and DDP (duties and inland logistics included). Once the product is on the ground (OTG) — already imported and cleared at destination — EXW (collected at the destination warehouse) and FCA (handed to the buyer's carrier at destination). Other terms — FAS, CFR, CPT, CIP, DAP, DPU — on request.

Fidens trades the full spectrum of Brazilian cane sugar, anchored on two benchmarks.

ICUMSA 45 — high-purity refined white sugar (minimum polarization of 99.80%), with low levels of molasses, ash and other impurities:

• natural sweetener ready for direct food and industrial use;
• applied in food, beverages, confectionery, baking, cosmetics and pharmaceuticals;
• the world reference for premium-grade refined sugar.

VHP (Very High Polarization) — raw cane sugar in light-amber granules (minimum polarization of 99.3°), with more molasses, color and ash than refined sugars:

• low moisture and consistent physical characteristics — ideal for bulk handling, storage and long-distance shipment;
• the principal feedstock for refineries to convert into refined or specialty sugars;
• the world reference for raw sugar.

Other grades — ICUMSA 100 (refined white), ICUMSA 150 (white crystal), Demerara (specialty raw) and organic (certified cane) — are sourced on request, subject to availability through our partners' network.

Pricing across all grades is influenced by weather in the cane fields, demand for sugar processing and biodiesel, government policies (taxation, stock limits), exchange quotes and global sugarcane production. Indicative figures are reference values; binding technical specifications are defined per shipment in the executed SPA. For grades beyond those above, get in touch so we can assess availability through our network.

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). This keeps pricing confidential to qualified counterparties and tied to a specific, serious inquiry.

Transactions generally follow the path LOI → SCO → SPA → payment instrument (DLC/SBLC) → shipment, though the exact steps vary by deal. Fidens coordinates each stage as the single accountable counterparty between seller and buyer.

Yes. The minimum volume per operation is 12,500 metric tons — equivalent to half a bulk shipload — applicable to both spot and recurring contracts. This threshold reflects the minimum scale at which institutional logistics remain economically viable. Larger volumes are negotiated case by case, subject to the available harvest window.

Fidens maintains established flows and active counterparties in the United States, Europe and Asia — three of the world's largest consuming blocks for raw and refined sugar. The choice of these markets reflects the institutional buyer profile the firm serves: large refineries, industrial distributors and logistics operators with established contractual governance.

Yes. Fidens maintains logistics partnerships covering the world's principal ports and can structure delivery to other destinations — including markets such as the Middle East and Brazil — subject to prior due diligence of the counterparty and validation of the logistics route. Get in touch so we can present the structure suited to your operation.