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Brazil’s Copersucar loses top sugar mill as industry woes deepen
date:Aug 17, 2015
Aug 13 Copersucar, Brazils biggest sugar trader, quietly parted ways with its biggest milling group in May, the CEO of the milling group, Grupo Virgolino de Oliveira (GVO), said on Thursday, reflecting a deepening crisis in the global sugar market as prices languish near seven-year lows and debts mount.

GVO, one of the founding members of Copersucar in 1959, is the latest mill to break commercial ties with the trader. That curbs Copersucars marketing power in Brazil, the worlds top grower, and

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