Maputo, Mozambique, 10 Nov – The Mozambican Centre for Agricultural Promotion (Cepagri) said Friday in Maputo that all of its sugar exports had been sent to European Union (EU) preferential markets.
According to Cepagri, 8,083 tonnes of sugar were sent to EU countries as part of the Everything But Arms (EBA) initiative, 6,391 tonnes as part of the Sugar Protocol and 44,623 tonnes as Complementary Quotas.
The Notícias newspaper, which cited Cepagri, said that if the export target of 175,185 tonnes was reached, Mozambique would see estimated revenue of US$96 million.
Most of this year’s exports will be sent to preferential markets, to which there will be projected exports of 106,685 tonnes of brown sugar, with 65,800 tonnes sold on the free market.
After a recovery in sugar prices in the first quarter of this year, they fell back again in the first two months of the second quarter, and showed signs of recovery in the last month of that quarter.
Prices overall fell from US$281 per tonne in March to US$224 in May, rising again to US$236 per tonne in June. (macauhub)