Sugar industry turns to the government for help in plotting rescue plan

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Local producers have warned that the sector is near collapse and have suggested that tariffs need to be raised

Last week the SA Sugar Association and leaders from its member organisations met with Patel and agriculture, land reform and rural development minister Thoko Didiza to discuss the development of a master plan for the future sustainability of the sugar sector.

The potential path back to growth, according to proposals by the industry, include optimisation of the local sugar market and diversification into ethanol. A biofuels programme would lead to a more sustainable industry and reduce the increasing exposure to the loss-making sugar export market. In 2018, the International Trade Administration Commission — the organisation tasked with customs tariff investigations, trade remedies, and import and export control — agreed to raise the dollar-based reference price , which is an import tariff levied on products that come into SA, from $566 to $680.

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 UK
 

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

They're wasting their time.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Sugar industry turns to the government for help in plotting rescue planLocal producers have warned that the sector is near collapse and have suggested that tariffs need to be raised 🤑🤑🤑 bail out Illovu Sugar ,Tongaat Hullet ,Selati and USHUKELA are going to be laying off staff
Source: BDliveSA - 🏆 12. / 63 Read more »

Stop hiring coaches based on accents, rather go local: Gavin Hunt - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Stop hiring coaches based on accents, rather go local: Gavin Hunt Bidvest Wits head coach Gavin Hunt has joined the foreign coach versus fresh young South African blood debate, arguing that new faces like Rulani Mokwena must be given an opportunity. Try, let's support our own as well as recruit young talent within our territory Gavin will be accused of being Xenophobic
Source: SABC News Online - 🏆 32. / 51 Read more »