Cargill Stepping Away from Global Sugar Trading Business

The agribusiness will sell its 50% stake in the world’s biggest sugar trading firm to Copersucar.

John S. Forrester, former Managing Editor

March 31, 2021

1 Min Read
Representative imageImage courtesy of Pixabay

Agribusiness Cargill is preparing to step away from the global sugar trading business after it struck a deal with Brazilian sugar player Copersucar to sell its 50% stake in the joint venture Alvean.

Reports broke Tuesday that the American company entered into an agreement on the transaction with Copersucar.

Alvean is the world’s biggest sugar trading entity, handling some 12 million tn/yr of product, according to Reuters. Cargill said the potential transaction stems from a portfolio review.

Powder & Bulk Solids first reported that the agribusiness was considering an exit from its sugar trading business and the joint venture in January.

Cargill’s plans to sell its position in the joint venture follow the lead of several other major companies who have stepped away from the sugar business in recent years. Bunge sold its sugar trading business to Australian company Wilmar Sugar Pte. Ltd. in 2018. Last year, Olam entered into an agreement to sell its 50% interest in the Indonesian sugar joint venture Far East Agri to its partner Mitr Phol Sugar Corporation for $82.5 million.

About the Author(s)

John S. Forrester

former Managing Editor, Powder & Bulk Solids

John S. Forrester is the former managing editor of Powder & Bulk Solids.

Sign up for the Powder & Bulk Solids Weekly newsletter.

You May Also Like