Portuguese sugar company plans to plant sugar cane in Mozambique

6 September 2007

Coruche, Portugal, 6 Sept – Portuguese sugar company DAI – Sociedade de Desenvolvimento Agro-Industrial plans to refine cane sugar from an investment it is making in Mozambique in the 2010 season, the chief executive of the company said in Coruche Wednesday.

Speaking to Portuguese news agency Lusa, José Cabrita said that a consultation of the population was underway for concession of land for planting sugar cane, at the same time as renewing a factory for the first stage of processing also in Mozambique.

“It is a lengthy process. If all goes well we expect the first season (using cane produced by the company in Mozambique) in 2010,” he said.

Set up in March 1993, DAI’s shareholders are Spain’s ARJ, Azucareras Reunidas de Jaen (52 percent), Italy’s SFIR, Societá Fondiária Industriale Romagnola (20 percent), Fenacam, Federação Nacional das Caixas de Crédito Agrícola Mútuo (18 percent) and Sucral, Sociedade Industrial de Açúcar (10 percent). (macauhub)