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Brazil fire razes major world sugar terminal

Copersucar crippled; global prices spike to one-year high

Huge melt-down: A fire fighter struggling to put out the fire at the sugar warehouse in the Brazilian port of Santos on Friday. - PHOTO: REUTERS

[SAO PAULO] A fire ravaged Copersucar's sugar terminal in Brazil, paralysing 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...

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