Wed, 13 Dec 2017 12:23:08 +0000 By Mailesi Banda ZAMBIA has been named as the most competitive exporter of sugar with the industry set to grow by 11 percent to 493 000 tons over the next five years due to favourable weather conditions, improved yields and increased international demand. Jacobus Well, who is the head of Absa Agribusiness in Africa said despite suppressing local consumption with higher prices, Zambia remains the most competitive producer of sugar. In a recent report on the outlook of the Zambian agriculture sector, Mr Well said sugar remains the country’s main agricultural export product, but that a weakened currency and electricity shortages is expected to limit production growth in the short term. “The purpose of the outlook is to inform producers of changing trends in the short term, so that they can be vigilant of possible changes in the near future and adapt accordingly,“ Mr Well said. He noted that […]
