Exclusive: Raízen, Wilmar set to end sugar trading venture RAW – sources
Reporting by Marcelo Teixeira and Maytaal Angel; editing by Jonathan Oatis: 02 JULY 2020
NEW YORK/LONDON (Reuters) – Brazil’s Raízen, the world’s largest sugar-making company, and Asian commodities trader Wilmar International (WLIL.SI) are set to end their partnership in the global sugar trading joint venture RAW, four sources familiar with the process said.
The joint venture, formed in 2016, was the second-largest trader of Brazilian sugar, with volumes around 4 million tonnes annually, and its dissolution will make the market more fragmented.