Sugar miller can realise significant synergies

Renzo Cassarotto and Skye Macpherson, managers of the First State Global Agribusiness fund, talk about their top pick

The First State Global Agribusiness fund has an investment in a small sugar miller in Northern Queensland called Maryborough Sugar Factory. We remained committed to the investment throughout the recent tropical cyclone Yasi, as our site due diligence gave us significant insight that we drew upon to make an informed decision. Hurricane hardiness As tropical cyclone Yasi was bearing down on the prime sugar cane growing and milling region of Australia, where 30% of the nation’s sugar is produced, we remained comfortable with our investment in Maryborough Sugar Factory. The category five t...