Cargill confirms it is in talks to buy two sugar mills in Brazil
September 21, 2015 - Cargill Inc. is in talks to buy two sugar mills from Brazilian group Ruette, the U.S. trading company said through its public relations representative in Brazil on Thursday.
September 21, 2015 By Reuters/Marcelo Teixeira
The representative said the company would not comment further. The mills are located in the main cane belt Sao Paulo state and have a capacity to process around 3.7 million tonnes of cane per year.
It is the first deal involving a large commodities trader in the battered Brazilian sugar and ethanol sector in several years.
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