Mar 24, 2017 Last Updated 10:30 AM, Mar 24, 2017

Ethiopia could export sugar from 2016

sugarcaneABN – Ethiopia could begin exporting surplus raw sugar in 2016, according to state-owned producer Sugar Corp.

With its factories in Fincha, Wonji and Metahara expanded and the Tedaho and Kessem factories built, unrefined sugar production in the present fiscal year should exceed 900,000 tonnes.

In an interview with Bloomberg, Sugar Corp. spokesman Zemedkun Tekle said: “Not only will we stop importing sugar, but we will start exporting.”

The company wants to build 10 more plants in the coming years so that Ethiopia can become one of the worlds’ leading sugar exporters by 2023.

It failed to meet its previous goal of making Ethiopia self-sufficient in sugar production by 2013.

@ABNetworkOnline

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