Sugar production in Zimbabwe is down by 4 percent

Published 2023년 12월 28일

Tridge summary

Zimbabwe's raw sugar production decreased by 4% in the first half of 2023 compared to the same period in the previous year, largely due to challenges faced by the largest producer, Hippo Valley Estates. The industry was further affected by increased competition from cheaper imported sugar, which displaced locally produced sugar in the domestic market. Despite these challenges, the industry saw an improvement in export sales, but the forecasted sugar production for the 2023/24 season is unlikely to be achieved due to various delays and logistical issues.

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Original content

Source: Sugar production down 4pc | The Herald (Business News) Enacy Mapakame-Business Reporter Zimbabwe’s raw sugar production for the half year to September 30, 2023, fell by 4 percent to 281 231 tonnes compared to 293 050 tonnes achieved in the same period last year. The national output was weighed down by the largest producer, Hippo Valley Estates, which had a 7 percent slowdown in production due to the reduced volume of cane crushed and decreased mill time efficiencies, with “lost time available” (a measure of plant reliability) increasing to 14,7 percent following low cane throughput in the early weeks of the milling season. The period under review had its challenges, which affected industry performance. According to Hippo Valley chief executive officer Aiden Mhere, the suspension of duties on basic commodities, including sugar, for twelve of the past eighteen months, has resulted in an influx of cheaper imported sugar, which has displaced locally produced sugar in the ...

Source: Zimbabwesituation