The Australian Competition and Consumer Commission (ACCC) has granted authorization for key sugar industry players to collectively negotiate storage and handling agreements with Sugar Terminals Limited. The approval applies to Wilmar Sugar, Tully Sugar, MSF Marketing, Bundaberg Sugar, and Queensland Sugar Limited, covering six bulk sugar terminals in Queensland.
The ACCC determined that the arrangement would provide public benefits, including cost savings and improved contract negotiations, with no significant public detriment. The authorization is valid until April 3, 2030.
