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Copersucar SA, the world’s second- largest sugar-trading company, may take more deliveries of raw sugar against ICE Futures contracts if logistic delays persist, Chief Executive Officer Paulo Roberto de Souza said.
“We may do it again in case port bottlenecks in Brazil continue to delay the flow of sugar to our clients,” Souza told reporters yesterday in Sao Paulo. “It is a way to source supply outside Brazil and meet our commitments with clients on time.”
Copersucar, based in Sao Paulo, took delivery of 112,578 tons of sugar against the contract that expired June 29, Souza said.
Minneapolis-based Cargill Inc., America’s largest closely held company, is the world’s largest sugar-trading company.
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