NEW YORK, Aug 3 (Reuters) - 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.