Copersucar blaze: Brazil fire destroys one of world's biggest sugar terminals
180,000 tonnes of sugar have been destroyed - driving prices up to the highest in a year
Saturday 19 October 2013
A fire that blazed through Brazil’s Santos port has ravaged six warehouses, destroying 180,000 tonnes of raw sugar in the Copersucar terminal.
The fire hit all of the sugar giant’s warehouses at the port, driving prices up to the highest in a year.
Operations at the world's biggest sugar trader, which sees nearly a fifth of world sugar exports pass through its trading desks, have now been paralysed.
Santos port authority Codesp said the fire started in the conveyor system responsible for transporting sugar through Copersucar's warehouses at around 6am (9am GMT).
Fire fighters battled for six hours to extinguish the flames and warn it could keep smoldering for two days.
In a statement, Codesp said: “Facilities involved in the accident are totally destroyed.”
Television footage showed a mountain of sugar three stories high engulfed by flames inside a warehouse, surrounded by overhanging conveyor belts and waiting ships that appeared to have been toppled over.
International sugar markets reacted quickly. ICE March raw sugar prices rose more than six per cent to a one-year high on news of the fire before paring gains. The March contract settled up 2.5 per cent at 19.48 cents per lb.
“A conservative estimate would be six months to get this in operational form (again),” a US trader said. “The jewel in their crown has been effectively destroyed.”
The cause of the blaze, which broke out in the early hours of Friday morning, has not yet been established.
Copersucar said four employees suffered minor injuries but no-one had been seriously hurt.
A firefighters works on extinguish a fire in a warehouse with sugar at the port of Santos
filmNymphomaniac is more Carl Dreyer than sexploitation of Russ Meyer
scienceScientists find the answer to a question that even puzzled Darwin
arts + entsThe 'Friends' actor on his new role as campaigner on addiction issues
Sun will 'flip upside down' within weeks, says Nasa
Colin Farrell reveals ‘affair’ with Elizabeth Taylor: 'She was my last romantic relationship'
Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
India-US row over escalates over arrest of diplomat Devyani Khobragade in New York
Peter O'Toole: Tales of the late film icon
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
- 1 Facebook 'self-censorship': study records when you don't post to find more ways to share
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Vitamin pills are a waste of money, offer no health benefits and could be harmful - study
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
£55000 - £60000 per annum + Benefits: Harrington Starr: Senior C# ASP.NET Deve...
£60000 - £70000 per annum + Benefits: Harrington Starr: Senior QA Engineer Tes...
£50000 - £60000 per annum + Benefits: Harrington Starr: QA Automation Explorat...
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Implementation...