Sugarcane price goes up

Commercial Sugar Cane Association of Zimbabwe secretary-general Mr Darlington Chiwa said the increment brought confidence amongst sugar cane farmers.
“The price is continuing on an upward trend which is good for us especially in recouping production cost,” he said.
“The price is even better than what is being offered in the region.”

The sugar cane selling season is expected to end in March next year.
Like cotton farmers, sugarcane producers are paid an initial price that would be topped up when prices firm on the international market where they are determined.
Chiwa said farmers were still optimistic of even higher prices.
“We are anticipating that the prices will still go up since the season is yet to end,” Chiwa said.

“High returns will allow farmers to restore their plantations since some of them had already outlived their lifetime of 10 years.”
Sugarcane farmers are expecting to sell about  462 000 tonnes of the commodity this selling season, up from 413 000 tonnes last year.
Prior to the land reform programme, sugarcane production was a monopoly of Tongaat Hullet, a South African company that still controls the local milling and marketing of the crop.
Co-operation between the government, the southern Lowveld communities and Tongaat            Hullet is expected to boost rural sugarcane farming.
Already, some 15 000 hectares have been allocated to some 870 indigenous farmers who are expected to deliver 488 000 tonnes of cane this year.
Focus is on lifting rural farmer sugarcane output to 1, 4 million tonnes, which would increase revenue from $29 million to $86 million per annum. — New Ziana.

You Might Also Like

Comments