Companies’ BIP performance will determine sugar quota –NSDC

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The National Sugar Development Council has said that companies’ performance under the Backward Integration Programme will determine the sugar quota allocation but on the size of refining capacity.

According to him, the approval for raw sugar quota allocations to refineries would be strictly based on their commitment to the Backward Integration Programme which they have signed onto.

He said, “The next phase we are going, there is going to change, and the change in the next phase which I want you to start having that model is that I will restrict the sugar allocation to your performance in the Backward Integration Programme. “What this means is that if what you promised us from the BIP is only ten per cent of our self-sufficiency, you will only get ten per cent of the total allocation for sugar.

“Because the only reason why we are giving the projective tariff is that the difference between 70 per cent and the certain percentage you are being given is meant to be used on the farm. “But if your total farm projection is not up to the quota you are collecting, that is a mismatch because if we are giving you 100 per cent and you are not producing 100 per cent, it means that at the end of the programme we will fail.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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:

 /  🏆 8. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines