Agriculture

Mauritius: Earnings in sugar sector to grow 25% in 2016

Saturday, 09 July 2016 19:57

(Ecofin Agency) - In Mauritius, earnings from sugar production should grow by 25% this year from 8 billion rupees, in 2015, to 10 billion rupees. The increase will result from a good harvest and high prices for sugar.

“We believe that the ton of sugar will increase from 2015’s 13,166 rupees to 15,000 rupees this year. As for output, it should reach 400,000 tons against 366,000 tons last year,” said Devesh Dukhira who heads Mauritius’ sugar industry’s union.

Moreover, the island should benefit from global increase in sugar consumption paired with a sluggish production.

However, despite all these good points, the sector is still threatened by the European Union’s decision to abolish sugar quotas. “Though Europe will remain for us an interesting market, the industry will look for opportunities in other markets,” said Devesh Dukhira. This explains why the island for two years now, has been exporting the commodity to the African continent, benefiting from facilities in the Common Market for Eastern and Southern Africa (COMESA).

The sugar sector which in the past has supported the Mauritian economy now employs 12,000 people and generates 1.8% of the country’s gross domestic product (GDP).

Aaron Akinocho

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.