Zimbabwe: Cyclone Freddy on the rampage among sugarcane farms

Published 2023년 3월 3일

Tridge summary

A severe hailstorm has damaged a part of the Hippo Valley sugarcane plantation in Zimbabwe, owned by Tongaat, leading to potential sugar shortages and significant price increases. The storm has damaged crops and made harvesting more difficult for contract farmers. This situation worsens existing strained trading relations between farmers and sugar refinery companies. Economists predict astronomical price increases due to an increase in raw sugar prices. This comes at a time when small-scale sugarcane farmers are having a price dispute with Gold Star, the main producers, over the increase in raw sugar prices. Tongaat, however, maintains that there is enough sugar for the country based on current and projected stocks.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar shortages and sky-high prices are foreseen in Zimbabwe. This is after a part of the Hippo Valley sugarcane plantation, owned by Tongaat, was destroyed by a hailstorm on Monday. Chiredzi sugarcane farmer Daniel Kadema said the winds that came with Cyclone Freddy were devastating. He is one of several contract farmers utilising Hippo Valley estate. "Our crops were flattened and it's going to affect our yield. It will even make harvesting more difficult. But there's nothing we can do. We'll just have to wait and see," he said. This development comes on top of the already strained trading relations between farmers and sugar refinery companies. Economists forecast sugar shortages and say the increase in raw sugar prices will be a contributing factor to the looming shortage. "Prices will increase astronomically," said economist Malvin Chidembo. Contract farmer Simon Mutori said that now that their crops have been ruined farmers' worst fears have been realised. "The little money we ...
Source: All Africa

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