PHOTO
Image used for illustrative purpose. Workers sit next to bags containing sugar at the San Francisco Ameca sugar factory in the town of Ameca, Jalisco, February 18, 2011. U.S. regulators on Thursday approved a controversial trade deal with Mexico that imposes a quota on sugar imports and sets minimum prices, rejecting challenges from domestic cane refiners and bringing a year-long trade battle closer to resolution. REUTERS/Alejandro Acosta/Files - RTR4U22E
SAO PAULO/NEW YORK - Chinese commodities trader COFCO International will turn its 12A terminal in Brazil's Santos port to move sugar instead of grains, particularly corn, as of July 1st until the end of the year, the company said in a statement on Wednesday.
COFCO, which manages four sugar and ethanol facilities in Brazil, said the change is a result of higher sugar production in the country this year. It said it plans to keep its Brazilian corn export program by using third party infrastructure.
(Reporting by Roberto Samora and Marcelo Teixeira Editing by Chizu Nomiyama) ((marcelo.teixeira@tr.com; +1 646 223 6040; Reuters Messaging: marcelo.teixeira.thomsonreuters.com@reuters.net - https://twitter.com/tx_marcelo))
