Brazil Port Blaze Pushes Sugar Prices to Year's High

A fire in the Copersuca company's huge sugar terminal in the Port of Santos has burnt some 180,000 tonnes of raw sugar, damaging six warehouses and pushing international prices to a one-year high. reports the BBC News.

The authorities in the port of Santos informed the BBC it took six hours to bring the fire under control, while the cause of the fire is unknnown and the cause of the blaze is still being investigated.

Brazil is the world's main sugar exporter, accounting for nearly half of international sales.

Source: BBC News