Brazil Fire Damages Up to 30,000 Tons of Sugar, Agrovia Says

A fire at a warehouse in Santa Adelia, Brazil, damaged between 25,000 and 30,000 tons of sugar and destroyed a storage building, according to the head of the logistics company responsible for the storage room.

Firemen prevented the fire from spreading to a second storage unit, said Guilherme Raposo, chief executive of Agrovia logistics company. There were no injuries, he said.

“We sent a crew to the city to evaluate damages and see which company’s sugar was affected,” Raposo said in a phone interview from Sao Paulo. “We are already working to have the second unit’s service reestablished as soon as possible.”

Tereos Internacional SA (TERI3)’s Guarani SA said in an e-mail that it is assessing the damage at the site. The sugar was insured and the sweetener at the location accounts for less than 1 percent of total sales, the company said. Daniel Friend, a spokesman for ED&F Man Holdings Ltd., which owns a stake in Agrovia, declined to comment by e-mail today.

On Oct. 18, five warehouses at Santos Port caught fire, destroying 180,000 tons of the sweetener. Sugar prices rose 0.11 percent in New York trading at 11:18 a.m. to 18.99 cents a pound.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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