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Massive fire puts pressure on sugar trade

A fire in a warehouse in one of the world’s busiest sugar terminals in Santos, Brazil, will have a huge impact on transport, as well as the price, of this commodity in high demand.

Photo: Colourbox

The flames from the extensive fire on the dock of the Brazilian city Santos consumed 180,000 tonnes of sugar on Friday. But, in addition to the loss of the immediate sugar stock, the fire will also have an effect of the rest of the global sugar market, and especially two players are involved in the sugar trade from Brazil.

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