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Tereos Commodities to shut sugar operations in Kenya, South Africa

French sugar maker Tereos said Tereos Commodities would close its offices and halt sugar trading in Kenya and South Africa by the end of March 2020 as part of a global review of its strategy.

Tereos, which has reported a sharp drop in profits in the last fiscal year due mainly to a slump in global prices for sugar, has been overhauling its trading branch in recent months.

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Tereos Sugar