To ease your site search, article categories are at bottom of page.

January 17, 2011

Sugar firm cuts Zimbabwe, Mozambique production forecasts

by Carli Lourens

Tongaat Hulett Ltd., South Africa’s second-largest sugar producer by market value, cut production forecasts for Zimbabwe and Mozambique in the financial year through March 2012.

Tongaat expects to produce 360,000 metric tons to 380,000 tons in Zimbabwe, and 250,000 to 270,000 tons in Mozambique, the company said in a presentation on its website today.

In November, it forecast 380,000 to 400,000 tons for Zimbabwe and 270,000 to 290,000 tons in Mozambique. The company didn’t give a reason for the cut and officials weren’t available to comment when Bloomberg News called Tongaat’s main office.

For this fiscal year, output from the two southern African nations will be below or near the low-end of the forecast range, the presentation shows. Tongaat will probably produce 333,020 tons in Zimbabwe in the year ending March 30, compared with the 330,000 to 350,000 tons forecast in November.

In Mozambique, the latest estimate of 165,744 tons compares with a target of 185,000-205,000 tons.

Tongaat forecasts 835,000 tons from South Africa in 2012- 13, compared with 445,694 tons in the current financial year.

The company, with 14 sugar plants in six countries, has the capacity to produce a million tons of sugar in South Africa, 600,000 tons in Zimbabwe and 327,000 in Mozambique.

Businessweek

Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by Ourblogtemplates.com

Back to TOP