date:Jul 31, 2019
ustralias second-largest sugar milling company, Mackay Sugar Limited, has announced that a majority of its farmer-shareholders (75 percent) have voted in support of a takeover by German sugar producer Nordzucker AG. The farmers will retain a 30 percent shareholding in return for Nordzuckers investment in the company, which will be put towards undertaking capital and overseeing maintenance works on its sugar mills.
In regards to the state of the market, we export 80 to 85 percent of our raw suga