Mozambique: Sugar exports grew 36% and reached $14.7 million in six months

The Bank of Mozambique (BdM) announced that sugar exported by Mozambique in the first half of the year yielded US$14.7 million (929 million meticais), an increase of 36% compared to the same period in 2023. According to a report on the balance of payments released by the central bank, this is a “strong” recovery for one of the country’s main agricultural crops. “The performance of sugar exports was favoured by the recovery in production and consequent exports, following the adverse climate impacts that affected the agricultural sector in 2023”, it highlighted. The financial institution described that, in the same period last year, exports of the product yielded a total of US$10.8 million (682.5 million meticais). Recently, stakeholders in the agricultural sector revealed that sugar production in the country could grow from 1.6 million to 1.9 million tons in the 2024-25 agricultural campaign, which would represent a 10% increase compared to the previous campaign, highlighting that ...