A fire at Rumo sugar and grain terminal in Brazil’s Santos port, the largest port in South America, broke out last Thursday, restricting operations, said a spokesman for the company controlled by sugar and ethanol producer, Cosan.
The blaze in a warehouse was controlled within an hour, but operations were partially affected, he said.
And, in good news for SA sugar producers, an outbreak of press reports of the incident in the world’s biggest sugar producing nation triggered a more than 4% rally in sugar prices.
Williams shipping service said the fire was at one of the conveyor belts that connected Rumo’s warehouse XX to XXII, used for receiving cargo.
It was the second fire at Rumo in as many years.
