Africa’s biggest sugar producer, Illovo Sugar, has said it is in advanced negotiations to sell its US unit Monitor Sugar.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Illovo bought Monitor in May 1999 for approximately ZAR350m (US$55.9m) as its first non-African operation, reported Dow Jones International News. Michigan-based Monitor has an annual sugar production of around 160,000 metric tons.


“It is expected that the company will be in a position to update shareholders in this regard shortly,” Illovo was quoted by Dow Jones as saying.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now