Zambia Sugar , the country’s largest sugar producer, said on Monday sugar output in the current financial year would be below last year’s 385,000 tonnes due to lower cane yields and reduced sucrose levels.
However, the company, a unit of South Africa’s Illovo Sugar , said improved factory performance would offset some of the reduced production.
High world sugar prices and a shortage of sugar worldwide in the six months from April to September 2011 had boosted exports to its traditional regional markets, it said.
“Despite lower sugar production, higher sales realisations combined with effective cost control and the benefit of improved factory productivity have improved operating margins and increased profit from operations by 40 percent compared to the previous period,” Zambia Sugar said.
Bulk raw sugar exports to the European Union (EU) had moved efficiently although prices had been hit by currency fluctuations and high logistics costs, it added.
Increased sugar production combined with duty and quota-free access to the EU led to 108,000 tonnes of sugar being exported to the EU in the year ended March 31, it said.
[Reuters]
we produce sugar in our country ,but the price of the same sugar is higher than in countries that import sugar from zambia.can someone help me to understand this…..
Wait for capitalist to show up, he will be of great help.lol!
Its really funny. We export white and fine sugar to neighboring countries, and yet Zambians buy sugar (their sugar) from the same neighbors. What is left for use by citizens of this country is the second or third grade sugar (sandy and sometimes stoney). No logic
Ya true and I hear that sugar is more expensive in mazabuka again hw true is that??
who cares if we have sugar or not it is a danger to health sugar is a killer
#3-Mwine Mushi: the logic is: the further you move away from Mazabuka, the cheaper sugar becomes.
Donchi kubeba slowly adding up.
Why complain when the shareholders are there (seen in the picture) reducing the tonnage?
lol
TURN THE FLOOD PLAINS IN BAROTSE INTO SUGAR PLANTATION. WE CAN USE THE SAME MAZEMBES WE HAVE TO MAKE IMPUTA. DON’T TELL ME THAT IT WILL BEÂ EXPENSIVE MOVING THE SUGAR CANES TO MAZABUKA.Â
IT HAS BEEN A DECADE SINCE WHEN I SAW WHITE SPOON SUGAR. ALL I SEE ARE LABELLES ON OUR THIRD GRADE SUGAR… SHAME Â
we need people like you in parliament,and that is the progress we want in our country.exellent that is why you are UMUNTU MUTWE.
Iam a disappointed shareholder in this company.
#6, All minority shareholders are not happy with the value of their shares which don’t seem to be benefiting anybody and basically even the working conditions of the hard working canecutters.Can the new administration see the enveronment in which these poor souls operate, sleep, eat etc. This must be done before the closure of the crop season.
#4. the wise just opt to remain mute than expose their ignorance. everything can be harmful if taken in excessive quanties. Professionally, you need a lecture to educated on the subject.
Let me end here, for your sake.
Low sucrose level in the canes?????the reporter also need to excused…should seek professional guidance in postharvest handling of sugarcanes, from harvesting in the field to crystalisation of sugars. Reader of the article, are just being misled by possible factors that contribute to low production figures. Truely the MANYENGOS, Lozi sugar cane cutters need to be looked after not in those deplorable conditions they are subjected with low pay and inhuman makeshift likehouses.
#4 CHICHI – If you are poor don’t discourage the rich from buying and eating sugar. Did you die from eating sugar???
Am told the sugar we use in Zed is health wise better than the exported white, fine sugar, anyone to educate me on this?
Sir MCS these chaps are up to something they are hiding or scheming something. This is one of the many strategic companies where GRZ must think of having a golden share.