HIPPO Valley Estates (Hippo Valley) says it is set to fast-track opportunities for expansion with old and new sugarcane projects, feeding off the Tugwi-Mukosi and Mtirikwi Dams which are close to full capacity to increase revenue and capacity utilisation.
The sugar-processor said improvements in yields on existing farms are expected going forward due to increased water supplies.
“With Tugwi-Mukosi and Mtirikwi Dams close to full capacity, the industry is set to accelerate opportunities for horizontal expansion with new sugarcane projects, feeding off this robust water system, mainly for the benefit of new farmers who are keen to supply the cane to the mills,” Hippo Valley said in a trading update for the quarter ended June 30, 2022.
The company said water supply to the Mkwasine Out-Growers is however currently constrained on account of challenges on the Siya-Manjirenji system, but there is ongoing work to attend to the
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