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Sugaronline East & Southern Africa Market Report (Archive), Sugaronline Regional Reports

Sugaronline East & Southern Africa Report – 11th October, 2021

By Nick Kwolek

11th October 2021

Markets in Somalia, Ethiopia and Kenya are heating up while the recent RCL fire in South Africa may shift market dynamics for the rest of the year.

Somalia Finally, after months of malaise, Somalia is reacting to higher sugar and freight prices. All markets in Somalia from North to South have been trading at a significant discount to world market replacement for the last three months. This is in part due to large volumes of cheaper sugars that were booked in Q2

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