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Bunge Global has agreed to sell two sugarcane mills in Brazil to COFCO International as the global agribusiness company continues to sharpen its portfolio around its strategic growth priorities.

The transaction covers Bunge’s Rio Vermelho and Nova Unialco mills, located in the municipalities of Junqueirópolis and Guararapes in São Paulo state. The facilities joined Bunge when the company completed its business combination with Viterra in July 2025.

The transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals.

Julio Garros, Bunge’s chief operating officer, said: “As Bunge focuses on our strategic priorities and positions the business for long-term growth, this transaction is the right step forward. We are grateful to the sugar mills team for their dedication and contributions to the company.”

The sale represents another change to the asset portfolio Bunge inherited through its combination with Viterra, which significantly expanded the company’s global agricultural footprint.

For COFCO International, the acquisition adds two Brazilian sugarcane-processing assets in São Paulo, one of the world’s major sugar and ethanol-producing regions. The transaction further underscores the strategic importance of Brazil’s sugarcane sector to global agricultural commodity markets and food and beverage supply chains.

Bunge remains focused on its broader agribusiness operations, spanning grain origination, storage and distribution, oilseed processing and refining, and plant-based oils, fats and proteins. The company operates in more than 50 countries and supplies agricultural ingredients and products across food, feed and fuel markets.

The company said the divestment is part of its effort to position the business for long-term growth while continuing to focus on its core strategic priorities.

Financial terms of the agreement were not disclosed.