By Chesney Hearst, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – On Thursday, October 24th, the chief executive for agribusiness giant Bunge Soren Schroder announced plans to explore other options, including a possible sale, for the agriculture and food company's currently unprofitable sugar milling business in Brazil, a move that analysts believe does not bode well for the country's sugar business.
Schroder made the statement following the company's 2013 third quarter results release which revealed earnings of US$14.7 billion, a decrease from the US$16.5 billion recorded during the same period in 2012.
The numbers . . .