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Browsing: Sugar production in Zimbabwe
- Hippo Valley Estates export sales volumes increased by 27% to 40,246 tonnes.
- Efforts are underway to expand the regional export market base so as to reduce the market concentration risk
- Hippo Valley Estates Limited, listed on the Zimbabwe Stock Exchange, is a subsidiary of Tongaat Hulett Limited and primarily involved in growing and milling sugar cane in Zimbabwe.
Hippo Valley Estates, a leading sugar producer in Zimbabwe, has reported a 27% increase in sugar export sales volumes for the third quarter ended 31 December 2022 to 40,246 tonnes. The company attributes the jump to improved allocation of the United States Tariff Rates Quota.
“During the period under review, there was an improved allocation of the United States Tariff Rates Quota which contributed to higher average export prices. This export quota remains secure and has been consistently fulfilled,” the company said in a trading update.
According to the company, efforts …