Copersucar to speed up sugar loadings, cut costs
July 14, 2013
Brazil’s largest sugar trading group, Copersucar, will speed up sugar loading and cut costs at Santos port after doubling its export capacity to 10 million tonnes a year, its chairman said on Friday. Copersucar completed the investment last month, enabling it to receive additional loads via rail and road in a bigger area at Santos, Brazil’s biggest sugar port, Luis Roberto Pogetti said in an interview.
“As we ship the sugar faster, we reduce costs and Brazilian production becomes more competitive,” Pogetti said in an interview on the sidelines of a sugar and ethanol conference. Copersucar has also added another ship loader, bringing its total to three, to handle bigger ships as cane harvesting proceeded in the centre-south of Brazil, the world’s top sugar producer and exporter, he said.
Copersucar, which represents 47 mills in Brazil, recorded revenue in sugar and ethanol trading of $4.1 billion in 2012 and accounts for 17 percent of the world’s seaborne trade in sugar. The company expects to expand its trading volume of sugar to 9 million tonnes this season, up from 7.2 million last season. sugar loadings
Brazil is struggling to build out its infrastructure, especially in the transport sector, to keep up with the rapid growth of its grain, sugar and coffee exports. Exporters say limited expansion of road and railway capacity in the past decades has created a bottleneck at the ports. Pogetti said Santos was not currently grappling with serious blockages, unlike in previous years when long queues of ships built up waiting to load sugar as the harvest peaked. Courtesy Reuters
Published in ZaraiMedia.com