Sugar & Confectionery – Trade & Market Updates

Hippo Valley Estates says stronger local demand is offsetting export challenges, while lower sugar production and counterfeit imports continue to weigh on first-quarter operations.

Strong shareholder demand has provided Dangote Sugar with fresh capital to strengthen its balance sheet and advance its large-scale domestic sugar production programme.

Nigeria is targeting higher sugar output through new financing, estate development and tighter enforcement of backward integration requirements.

The payment forms part of efforts to clear long-standing worker arrears as Nzoia Sugar rebuilds operations following a major factory rehabilitation.

Sucro’s refinery expansion nearly doubled quarterly volumes, while improved margins and a record free cash flow result supported stronger second-quarter profitability.