UPDATE 2-Fire hits major Brazil sugar export terminal

lunes 4 de agosto de 2014 00:50 GYT
 

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By Reese Ewing

SAO PAULO Aug 3 (Reuters) - Firemen at Brazil's Santos Port struggled on Sunday to contain a blaze at two sugar warehouses, operated by producer Cosan SA, which threatens to disrupt exports from the world's biggest sugar producing nation.

The fire broke out at the sugar terminal at 4:30 pm local time and 12 fire trucks were still trying to bring it under control early into Monday morning, Sargent Rodrigues of the Santos Fire Department told Reuters.

Rodrigues gave no additional details.

Representatives for Cosan, Brazil's biggest sugar producer, where not immediately available for comment.

Last October fire gutted the Santos export terminal of Brazil's largest sugar trader Copersucar, quickly sending futures prices up 6 percent and the trader issuing force majeure to its clients.

There was no sign that the latest fire had spread beyond the warehouses controlled by Rumo, Cosan's logistic unit at the port. Copersucar's terminal, which is still under repair from the October fire, is right next door to Rumo.

Loss of the physical commodity stored in Rumo's warehouses, which can hold 550,000 tonnes of sugar, is likely to be of less concern than the potential damage to the terminal's capacity to export 12 million tonnes a year of sugar.   Continuación...