Mackay has won the hosting rights for a flagship economic development conference attracting more than 200 professionals from across Australia. Economic Development Australia chief executive officer Jacqueline Brinkman was in Mackay recently in preparation for the three-day October event. Ms Brinkman, who helped make Cairns a superyacht hotspot, said the National Economic Development Conference would focus on regional transformation and evolution of the circular economy . Mackay Mayor Greg Williamson said he was exceptionally excited for the event which could finally unlock the region s biofuture potential. Economic Development Australia chief executive officer Jacqueline Brinkman with Mackay Mayor Greg Williamson, speaking about the upcoming National Economic Development Conference to be held in Mackay. Picture: Heidi Petith
We couldn t grow enough sugar, that s the reality
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Cargill Stepping Away from Global Sugar Trading Business
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Representative image The agribusiness is reportedly in talks with the world’s largest sugar firm to exit the business.
American agribusiness Cargill is currently engaged in discussions to sell its 50% stake in Alvean, a sugar trading joint venture, to its partner in the business Copersucar SA, news wires and business media organizations reported this week.
Alvean is the world’s largest sugar trading entity, handling some 10 million tn/yr, according to Reuters. If the deal proceeds, Brazil-based Copersucar will own 100% of the business.
“Both shareholders are discussing an agreement in which Copersucar will become the sole owner, acquiring Cargill’s shares in Alvean,” the sugar and ethanol company said in a statement quoted by Bloomberg. “As soon as a deal is concluded, we will communicate.”