A group of 400 farmers from Transylvania, organized in an association led by the Sibiu farmer Teodor Aflat, have agreed with Tereos to sell them a majority stake in the Ludus sugar factory, which the French group was planning to close down.
Australia – Mackay Sugar looks to sell one of its mills to reduce debt [Registered]
Mackay Sugar recently announced it is considering selling one of its mills to reduce the debt of some AU$212 million (US$159.5 mln), according to local press reports
AB Foods sells it cane sugar operations in China for US$500 mln [Registered]
Associated British Foods (ABF) is rumoured to have sold its cane sugar business in China to a consortium led by Nanning Sugar Industry Co Ltd, reports Reuters.
AB Foods planning to sell its Chinese sugar business [Registered]
ABF has invited bids for the factories. AB Sugar unit’s China business, which was established in 1995 via a joint venture, has five cane sugar mills in southern China and two sugar beet factories in the north-east of the country.
Mexico – US$ 538 mln expected from the sale of 9 sugar mills [Registered]
The mills are being offered in four sets of two, and one separately, with the aim of attracting multiple participants. The mills produced a combined total of 1.34 million tonnes of sugar last season, accounting for 22% of total domestic production, according to the government agency FEESA in charge of administering assets.
Mexico – Government to sell 9-state owned mills [Registered]
The mills will be auctioned in clusters rather than as a single block, to prevent one buyer from controlling all of the mills and ensure balanced output of both raw and refined sugar, the source said.
Brazil – BP selling its 26 cane farms in Minas Gerais [Registered]
Total acreage of 3400 hectares is valued at between R$24 million and R$ 30 million (U$8.6 million to U$10.7 million). The size of the properties varies from 50 ha to 1200 ha.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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