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Cargill Is in Talks to Exit Global Sugar Trading Business

  • The deal may be announced in first quarter, people say
  • Brazil’s Copersucar to take over the world’s top sugar trader
Production Inside The MSM Malaysia Holdings Bhd. Sugar Refinery
Photographer: Samsul Said/Bloomberg
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Cargill Inc. is in talks to exit its global sugar trading business as the top agricultural commodities firm seeks to focus on food processing and meat.

The Minneapolis-based company is in negotiations to sell its 50% stake in Alvean, the world’s largest sugar trader, to Brazilian partner Copersucar SA, according to a statement from Copersucar. Cargill deferred to Copersucar for a comment. The deal, if successful, is expected to be announced in the first quarter, according to people familiar with the matter who asked not to be named because the information is private.