SUGAR producer Hippo Valley Estates says it has managed to hold firm against imports despite a three percent dip in industry-wide domestic sales after import duty was lifted.
In a trading update, the company said its share of the total industry sugar sales volumes of 397 000 tonnes for the nine months to December 31, 2022, was just over 52 percent, down from 54 percent of 317 000 tonnes during the same period in 2021.
Industry sugar sales into the domestic market for the same period totalled over 278 000 tonnes, three percent below the comparable period in the prior year.
Hippo Valley Estates Limited and Triangle, its sister company, in partnership with the government, also planted a total of 603 hectares of wheat at Mwenezana Estate which produced 1 544 tonnes.
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