Wilmar, Raizen to form sugar venture to rival Cargill tie-up

New York

RAIZEN Energia SA and Wilmar International Ltd plan to establish a sugar venture in Brazil to rival the partnership between Cargill Inc and Copersucar SA, the nation's leading exporter this year.

The new joint venture will strengthen existing integrated production and trading operations, Sao Paulo-based Raizen, a partnership between Royal Dutch Shell Plc…