South Africa's master plan boosts limping sugar industry

Published 2021년 3월 26일

Tridge summary

The South African sugar industry is experiencing a recovery, with the South African Sugar Association (Sasa) planning for stability, growth, and sustainability up to 2030. The first phase of this master plan focuses on immediate actions to address short-term concerns and restructure the industry. It prioritizes local market demand optimization and diversified solutions. The industry has been granted an exemption from the local Competition Act to facilitate information sharing, and retailers and industrial sugar users have committed to minimum offtake levels from local farms and millers. These measures, along with the master plan's implementation, have contributed to industry stabilization, with sales exceeding expectations. The industry is valued at about R18-billion annually.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With the sugar industry starting to show signs of recovery after years of decline, South African Sugar Association (Sasa) executive director Trix Trikam says the implementation of the South African Sugarcane Value Chain Master Plan to 2030 will further help the industry stabilise. The master plan aims to ensure stability, growth and sustainability of the local sugar industry going forward. The first phase of the plan will focus on immediate actions and commitments focused on addressing short-term concerns, stabilising the industry and creating a window of two to three years during which the industry will undergo restructuring. “The future of the industry is mainly dependent on the successful implementation of the master plan. Two of its priorities speak to the optimisation of local market demand and diversified solutions for the industry. Changes brought about by the master plan that promote efficiency will also assist in protecting the industry from imports,” says Trikam. He ...

Source: Engineeringnews