A&B Questions Its Future in Sugar

Honolulu-based Alexander & Baldwin Inc. has said it has undertaken a “comprehensive strategic evaluation” of its sugar operations that is expected to be completed by year-end, according to a report by Dave Segal for the Honolulu Star-Bulletin.

A&B, whose agribusiness business lost $13.2 million through the first six months of the year, said it expects losses to continue through the end of this year.

“Losses at these levels are totally unacceptable,” said Allen Doane, A&B Chairman and CEO.

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