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Brazil fire destroys one of world's biggest sugar terminals

Reuters  |  SAO PAULO 

By Reese Ewing and Fabiola GomesSAO PAULO (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 10 percent of Brazil's monthly sugar exports - and driving prices of the sweetener to a one-year high on global markets.The loss of nearly all of its port capacity will send Copersucar scrambling to lease or rent terminal space to cover ...

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First Published: Sat, October 19 2013. 03:28 IST