Fears grow that sugar industry woes will lead to price hikes

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

The industry was hit hard by the floods that devastated KwaZulu-Natal last ye

SA’s struggling sugarcane growers, still reeling from the recent devastating floods in KwaZulu-Natal that damaged cane fields, insist that they can keep up with demand and there will be no need for imports amid fears of a sharp increase in the price of sugar.

“Despite the challenges of the past year, especially for small-scale growers, the industry has made every effort to ensure the supply of the local market. Thanks to growers’ commitment and tenacity, we do not expect any shortages as a result of the floods. There is absolutely no need to resort to additional sugar imports,” said Andrew Russell, chair of the SA Canegrowers Association which represents sugarcane growers...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sasol gas hike will take bread from the poor, industry body warnsThe hefty hike will be felt by all South Africans when gas-reliant manufacturers such as those that produce bread, are forced to hike prices
Source: BDliveSA - 🏆 12. / 63 Read more »