ASR Group in 10-year deal to buy non-genetically modified sugar from Raizen

Reuters

Wednesday, August 3, 2022

ASR Group, the world's largest sugar refiner, has agreed to a 10-year deal to buy millions of tonnes of non-genetically modified (GMO-free) raw cane sugar from Brazil's Raizen, according to both companies. This is the world's first large-scale deal for GMO-free raw sugar and it comes as several sugar producers in Brazil are starting planting of genetically modified (GMO) sugarcane varieties, seeking to reduce production costs. U.S.-based ASR Group agreed to buy 1.2 million tonnes of certified GMO-free raw sugar from Raizen for the next 10 years.

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