Pigment was extracted to decolor the sugarcane juice alcohol wastewater and its antioxidant activities were evaluated. The pigment was extracted using ion exchange fiber along with macroporous resin D-101 as the absorbent and an ethanol-water mixture (6:4, v/v) as the eluent. Total flavonoid and phenolic contents of the pigment were determined. DPPH radical scavenging ability and reducing power of 1.0 mg/mL of the pigment were approximately 78.5 and 16.8%, respectively, compared to 1.0 mg/mL of the tea polyphenol (positive control). The hydroxyl radical scavenging ability of 10.0 mg/mL of the pigment was about 92.5% compared to that of positive control. The DPPH radical scavenging ability of the pigment was enhanced significantly with thermal treatment at 70 and $100^{circ}C$. The result shows the proposed procedure can be effective to decolor such wastewater and to get antioxidative pigment.