Cofco Says Brazil’s Sugar Logjams to Persist Until at Least 2025
- Bottlenecks to last until new Cofco terminal opens in Santos
- Bumper sugar, grain crops are stretching Brazilian logistics
This article is for subscribers only.
Bottlenecks plaguing ports and delaying shipments from agricultural powerhouse Brazil will last until at least 2025, keeping sugar prices high, according to the trading unit of China’s largest food company.
Logjams will persists until Cofco International Ltd. opens its new terminal in Santos, Brazil’s biggest port, said Marcelo de Andrade, managing director of soft commodities at the trading house. That will support sugar prices that already are heading for a fifth year of gains in what would be the longest winning streak since 1989.