QSC sale to RI canceled

QSC sale to RI canceled

CANBERRA (Reuters): Queensland Sugar Corp (QSC) said yesterday that an Indonesian refinery has canceled the planned purchase of about 200,000 tons of raw sugar.

QSC said the refinery, operated by PT Bermis, is believed to have stopped production.

"My understanding is that it's stopped," Michael Bosscher, deputy chief executive of QSC, said of the refinery. "But what we had earmarked for there we have redirected and sold elsewhere," Bosscher told Reuters.

The refinery opened about a year ago, he said.

A report released by the U.S. Department of Agriculture in August last year said a refinery in Serang, West Java, owned by PT Bermis Madu Sejati was the nation's only private operation.

The report said the refinery was inaugurated in June 1997 and had a first stage production capacity of 150,000 tons per annum, with a planned rise to 200,000 tons.