Tongaat Hulett Sugar Output Rise By 9,2 Per Cent
5 years agoMon, 19 Nov 2018 12:35:46 GMT
Tongaat Hulett revealed that sugar production at its Zimbabwean unit increased by 9,2 per cent to 306 000 tonnes in the six months period ended September 30, 2018, compared to 280 000 tonnes in the same period in 2017. This has been driven by increased water availability and accelerated sugarcane root replanting. The company said in a statement
As a result, the Zimbabwe sugar operations generated operating profit of R537 million which was lower than R580 million in 2017, before cane valuations. The additional production will support higher export sales into regional deficit markets at premium prices.
