Sugar mill strikes put Australia’s cane harvest at risk

Published 2024년 6월 8일

Tridge summary

Industrial disputes at factories that produce half of Australia's sugar, led by strikes at eight mills owned by Singapore's Wilmar International and one owned by Chinese conglomerate COFCO, have delayed the start of cane crushing operations and are threatening production and exports. The strikes, over pay demands, have not significantly impacted overall sugar production yet but could shorten the processing season if not resolved soon. The unions are seeking significant pay increases, while the companies have offered less. The situation is causing concern among growers, mill workers, and the wider community, as the delays could lead to a reduction in production, potentially affecting Asia's sugar supply and global prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Industrial disputes at factories that produce more than half of Australia’s sugar could cause cane to be left unharvested if they are not resolved soon, threatening production and exports, people in the industry said. Strikes over pay at eight mills owned by Singapore’s Wilmar International that produce over 2 million metric tons – worth around $1 billion – of sugar a year have delayed the start of cane crushing operations by between two and 13 days, the company’s Australian subsidiary said. A ninth mill, owned by Chinese conglomerate COFCO, said it had also delayed its start due to strikes and adverse weather. Australia is the world’s fourth-largest sugar exporter, shipping around 3.5 million tons a year to markets mostly in Asia. A small reduction in Australian production would tighten supply in Asia but likely have little impact on global prices. But the hold-ups are worrying growers who lined up labour to deliver cane but do not yet threaten overall sugar production in a ...

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