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Sugar Mills Slowing in Brazil: Daily

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 . . .

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