ETHIOPIA: 2009/10 sugar imports seen at 80,000 tonnes
Published: 03/03/2010, 12:07:18 PM
Ethiopia will import 80,000 metric tonnes of sugar in the 12 months through July 7 to alleviate shortages, according to Bloomberg.
Efforts by the state-owned Ethiopian Sugar Development Agency to limit retail prices to ETB13.50 (US$1.01) per kilogram have failed as prices have risen to ETB18 , according to the Addis Ababa-based Fortune newspaper, which cited Habtamu Reggassa, an agency official.
The agency expects international sugar prices to drop in April following increases in supply from Brazil, Fortune reported.