Australia’s Bundaberg Sugar has said it is on track to close its troubled Moreton sugar mill, north of Brisbane, at the end of the current season, which finishes around the end of this year.
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The closure, which is due to low prices and poor Australian cane crops, will leave just 25 mills remaining in the so-called sugar state of Queensland, reported Reuters.
Another mill, Pleystowe near Mackay, is not crushing this season because of the poor level of cane production in Australia, caused by a severe drought.
The Moreton mill, established in 1897, normally processes around 500,000 tonnes of sugar cane a year.
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