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Michelle Moyo,[email protected]
THE Zimbabwe Sugar Association (ZSA) advises all stakeholders and the general public that the recommended unit shelf price of table sugar remains unchanged at US$2.60 for wholesale and US$2.76 for retail of SunSweet, with Gold Star white sugar retailing at US$2.80 per 2 kgs.
In a statement, Chairman of ZSA Mr Willard Zireva noted that Zimbabwe Sugar Industry holds adequate sugar stocks for local consumption.
“The demand for sugar will spike as a result of the operating environment and speculative behaviour by some market players. However, despite these factors, the stocks on hand are adequate to meet normal local demand.
“The cane milling season resumes mid-April, only a week away, and this will further boost the existing stocks of sugar.
“The Zimbabwe Sugar Industry remains ready and able to meet the demand for sugar now and into the future, ” said Mr Zireva.@Lo7246Lovelyn
Online Reporter