Zambia Sugar Exports More Than 120,000 Tonnes.
Zambia Sugar PLC has reportedly exported about 159,000 tonnes of sugar to Southern Africa despite the company experiencing various challenges this year.
The company has also sold over 170 tonnes of sugar to the domestic market this year.
Zambia Sugar head of corporate affairs and communication, Japhet Banda said the company has also recorded an excess production capacity of 424, 000 tonnes, with a revenue base of about K1.9 billion.
Mr. Banda said this during the 2016 Zambia Sugar customer open day recently that the company will continue to develop key market strategies to increase exports and domestic sales.
He said among the challenges Zambia Sugar is facing is the depreciation of the kwacha, which has a resulted in increased cost of imports. Electricity outages and low water levels in the Kafue River has also affected irrigation at Sugar Cane plantations.
The Mazabuka-based company’s current domestic sales of sugar are at 174,000 tonnes and the regional sales are at 159,000 this year.
Zambia sugar will adopt water management initiatives that will help increase cane production.