Kenya plans to export excess sugar as sugarcane supply increases
Kenya is set to begin exporting excess sugar following a significant increase in sugarcane supply to local millers, aiming to boost foreign earnings. The Agricultural Food Authority (AFA) plans to initiate exports once parliamentary approval is granted. AFA Director-General Bruno Linyiru noted that this move will help farmers maintain market access amid falling sugarcane prices caused by high production levels. Contributing factors include subsidized fertilizers, improved regulations, and favorable weather, leading to a 123.4% production increase in the first half of 2024.
Kenya is preparing to start exporting its excess sugar, following a marked rise in the supply of sugarcane to local millers, paving the way for the country to increase foreign earnings from the sweetener, reports NTV.
The AFA said it would initiate the export of sugar once parliament grants the necessary approval.
According to AFA Director-General Bruno Linyiru, this initiative will help farmers maintain access to the market at a time when millers are struggling to keep up with the high volume of cane deliveries that have led to falling prices of sugarcane. He attributed the surge in production to various factors, including subsidized fertilizers, improved regulations, and good weather.
Officia1 data shows that in the first half of 2024, local millers produced 384,522 tonnes of sugar, which is a 123.4 per cent jump in production.
Source Link : https://www.chinimandi.com/kenya-plans-to-export-excess-sugar-as-sugarcane-supply-increases/
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