It is reported by Bunge.

Financial terms were not disclosed.

Bunge has been negotiating about the sale of sugar assets in Asia. The expected deal will provide Wilmar access to the Thailand market.

Bunge Limited is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed; produces edible oil products for consumers and commercial customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service categories; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.

Wilmar is a leading Asian agribusiness group headquartered in Singapore. Initially, the company focused on the oil sector and trade with China. Wilmar International has over 400 industrial enterprises in the Asian region. The number of staff is about 90 thousand people.