Brazil: 180,000 Tons Sugar Destroyed by Fire

By CnAgri2013-11-04 11:36:14 Print Santos, the largest port in Latin America, was struck by a fire of the largest scale in history on 19th October. Six large sugar warehouses were destroyed and 180,000 tons sugar was lost. The 180,000 tons of raw sugar and white sugar accounted for 10% of the monthly white sugar export quantity from Brazil. Traders began to buy and the international price hiked sharply accordingly. The New York raw sugar futures price once rose by 6% to 20.16 US cents/pound, adjusted itself later and closed at 19.50 US cents/pound, up 2.5%.

From “China Fruit &Vegetable Market Monthly Report”