BLOOM/ Brasil's inadequate infrastructure once again threatens its exports. Sugar deliveries may face long delays, perhaps until at least August, as a bottleneck at the main port of Santos and others causes an “unprecedented” lineup of ships waiting to load. Sugar prices have shot-up 22% since mid-May. “I have never seen a lineup of vessels like this,” said logisitics expert Julio Fontana Neto. Brasil ships 54% of the world’s sugar exports, up 20% in 2000.
Posts