Brazil's Copersucar declares force majeure to 3rd party sugar shippers

Reuters

SAO PAULO, Oct 22 (Reuters) - Brazil's largest trader ofsugar and ethanol declared force majeure to some third partyexporters of sugar with contracts to ship through its SantosPort terminal that burned down on Friday, sources in the sugartrade said.

Two sources in separate international sugar trading housessaid on Tuesday that Copersucar issued force majeure notices toall third party sugar traders that had contracted capacity atits terminal, including Louis Dreyfus' local unit BioSev and Bunge Ltd.'s Brazilian sugar business.

Neither Louis Dreyfus nor Bunge representatives responded torequests from Reuters for comment at the time of publishing. ACopersucar executive declined to comment at a Sao Paulo eventTuesday night on any possible cancellation of contracts.

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