Citing the reason of the hike in production cost, sugar producer Tongaat Hulett Zimbabwe (THZ) has increased the sugar prices. The last price hike was done in March 2020.
According to the media reports, Mr Edmore Veterai, Zimbabwe Sugarcane Farmers Development Association chairperson said, “The production cost of sugar has been increased. Also, the input cost for sugarcane has gone up. Therefore it is justified to hike sugar price.”
“Sugar that was produced in the country was the cheapest in the region and hence the price adjustments would improve supplies”, he further added.
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