Copersucar Declares Force Majeure Following Sugar Inferno [UPDATE]

SAO PAULO, Oct 22 (Reuters) - Brazil's largest trader of sugar and ethanol declared force majeure to third party exporters of sugar with contracts to ship through its Santos Port terminal that burned down on Friday, sources in the sugar trade said. Two sources in separate international sugar trading houses said on Tuesday that Copersucar issued force majeure notices to … [Read more...]

Fire Consumes Brazilian Sugar Mega-Terminal, 180,000 Tons Destroyed [UPDATE]

By Reese Ewing and Fabiola Gomes SAO PAULO, Oct 18 (Reuters) - A fire ravaged Copersucar's sugar terminal in Brazil on Friday, paralyzing operations of the world's biggest sugar trader and putting 10 million tonnes of export capacity offline for six months or more. The fire hit all of Copersucar's warehouses at the Santos port, igniting 180,000 tonnes of sugar - roughly … [Read more...]