Mozambique: Sugar exports to net country US$95 million this year

16 September 2008

Maputo, Mozambique, 16 Sept – Mozambique is due to net a total of US$95 million from exports of 175,000 tons of cane sugar, Pedro Sitói of the Centre for Commercial Agriculture Promotion (Cepagri), a Ministry of Agriculture department told Macauhub in Maputo.

Sitói said that of that total 68,000 tonnes and 12,000 tonnes would be sent to the European Union and United States markets, respectively.

Mozambique has six sugar refining factories, although only four are in operation.

This year an investment of around US$177 million has been planned for the expansion of the Xinanvane sugar factory, in Maputo province, and the Mafambisse sugar factory in Sofala province, and it is estimated that sugar production in 2009 will total 500,000 tonnes.

In 2007, sugar exports generated revenues of US$45.9 million, a fall of 29 percent on 2006.

In 2006, the sale of sugar abroad netted the country US$64 million (as a result of exporting 170,311 tonnes), an increase on the US$37.7 million posted in 2006. (macauhub)