date:Jul 18, 2018
ya a high-cost sugar producer, with average costs of $950 per tonne, compared to $350 per tonne in countries such as Malawi.
Besides production inefficiency, massive revenue losses through suspected corruption in state millers have according to experts eroded the attractiveness of government mills for potential strategic partners.
The prevailing fears have been compounded by sugar smuggling.
Millers maintain that duty-free imports have left them with a growing stockpile of unsold sugar, as im