Skip to comments.Brazil fire destroys one of world's biggest sugar terminals
Posted on 10/19/2013 3:55:21 AM PDT by nuconvert
A fire ravaged Copersucar's sugar terminal in Brazil on Friday, paralyzing 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 tonnes of sugar - roughly 10 percent of Brazil's monthly sugar exports - and driving prices of the sweetener to a one-year high on global markets.
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There goes the price of M&M’s and Milky Way Bars. Heh.
Might want to buy holiday baking sugar now.
Now they can export ready made caramel. Just need some nugget to poor it over.
By the way, where can I buy some nugget. I don’t want the caramel and chocolate covered nugget. I just want plain nugget.
Just told the wife about this and she said so what, the bag in the pantrys 2 years old and we still haven’t opened it. We don’t eat sweets.
Michael Moore, hysterical.
Too Funny :)
My wife bought it last week and the inadvertently bought it again.
We now have a considerable stored surplus.
If it goes high enough we might even be rich!!
which has now become one of the world's biggest caramel apple facilities.
Sugar when burned leaves carbon deposit. that carbon deposit under pressure makes diamonds.
at the bottom of all the black one might find diamonds.
Gat more high fructose corn syrup. Yuck!
Use it for camning Jam. I made Piña Colada Jam yesterday. Very good.
The sugar market is nuts. And the US is very protectionist of its sugar industry. So much so that the big food processing companies, a few years ago, when there looked like there might be a domestic shortage, sent a letter begging the government to allow more imports.
The trouble was, that so many countries produce so much sugar, that they would sell it for almost nothing just to penetrate the US market, even briefly. It was just loopy.