Sugar exports, local price adjustments boost Hippo
“These were, however, offset by strong exports realisations and timely price adjustments.“As a result, marketing focus remains on ensuring fulfilment of local market requirements whilst growing export sales in regional premium markets to generate additional foreign currency to fund foreign input costs,” he said.
During the period under review, sugar production marginally declined to 152 076 tonnes compared to 153 343 tonnes in 2018 with total cane deliveries to the mill amounting to 1 233 300 tonnes.
“The company’s own cane deliveries amounted to 763 386 tonnes which was a four percent increase from 733 036 tonnes in 2018 same period comparable, whilst private farmers collectively delivered 469 914 tonnes,” he said.
“However, other initiatives to restore cane yields to optimal levels are on-going with some 1 074 hectares having been ploughed out and replanted during the period,” said Mhere.