ALL AGRI #Africa Commodities News

While this recovery in yield is welcome news, the industry’s economic outlook remains under serious threat due to delays in adjusting South Africa’s import tariff, the flood of cheap imports into the country and the looming 30% tariff from the United States on South African sugar exports. The delay in adjusting our own sugar import tariff to reflect current global realities is undermining the competitiveness of local producers.

The National Sugar Development Council is urging the All Farmers Association of Nigeria and investors to seize opportunities in Nigeria’s sugar sector, with Executive Secretary Kamar Bakrin highlighting a market valued at over $2 billion.‎Addressing the farmers who paid him a courtesy call in his office, Bakrin called on stakeholders to join the national effort to reduce the country’s overdependence on imported raw sugar and its by-products.