Agribusiness / Food in Mozambique
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MAPUTO CITY, 2015/08/07
The government of Mozambique has decided to increase benchmark prices for sugar imports in order to protect domestic industry from “unfettered entry of the product from neighbouring nations,” said Minister of Industry and Trade.
Minister Ernesto Tonela said the benchmark price for the import of brown sugar would increase to US$806 per ton, compared to the current US$385, while the price of refined (white) sugar will rise from US$450 to US$932 per ton.
Next the cabinet conference held Tuesday in Maputo, the minister said that the previous benchmark prices for sugar imports had been approved in 2001 and were out of step with the current market reality.
