Al Khaleej Sugar and Copersucar also cooperated in developing and introducing high polarisation raw sugar.
Dubai - Existing cooperation further boosted with new raw sugar procurement deal
Published: Sat 12 May 2018, 8:44 PM
Updated: Sat 12 May 2018, 10:46 PM
Al Khaleej Sugar, the owner and operator of the world's largest sugar refinery in Dubai, has signed a long-term raw sugar sale contract with Alvean Sugar.
Al Khaleej has had a long-term relationship with one of Alvean's shareholders, Copersucar, for nearly two decades in which the former purchased more than 20 million tonnes of raw sugar worth around $6 billion from Copersucar.
"The relationship, now lying with Alvean, has been further strengthened with the entry of this new long-term raw sugar procurement contract," said Jamal Al Ghurair, managing director of Al Khaleej Sugar.
Alvean, the world's largest sugar trader, is a joint venture formed by US agricultural group Cargill and Brazil's Copersucar in 2014.
Al Khaleej Sugar and Copersucar also cooperated in developing and introducing high polarisation raw sugar.
Gareth Griffiths, chief executive officer of Alvean, said: "We are pleased to have entered this long-term supply contract, building on the close relationship we, and our shareholder Copersucar, have developed with Al Khaleej Sugar over nearly two decades."
- business@khaleejtimes.com
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