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Monday, 02 October 2017

How can Mauritius make its sugar more competitive?

In October 2017, European sugar quotas will be abolished. Mauritian sugar will thus face increased competition, given the liberalisation of the world market. Faced with this situation, what are the issues that Mauritian sugar needs to confront? How can it stand out in the market? Let’s take stock: in a month’s time, international competition will be drowning us in sugar. On 30 September, the European sugar regime will come to an end. This means a liberalisation of the market, which will put local and international cane sugar producers in the same boat, as well as beet sugar producers. ‘Although the European market allowed for greater price visibility for as long as deliveries from beet growers were controlled, the situation will change from October. Without any restriction, they will flood the sugar market, which is already causing a significant drop in prices,’ says Devesh Dukhira, chief executive officer (CEO) of the Mauritian Sugar Syndicate.

Source: www.lexpress.mu