Moz pushes up benchmark prices of sugar imports

To protect its domestic industry from “unfettered entry of the product from neighbouring countries”, the Mozambique government has increased its benchmark prices for sugar imports.

Minister of industry and trade, Ernesto Tonela, told the press that the benchmark price for the import of brown sugar would increase 47.8% to US$806 per tonne, compared to the current US$385.

Meantime, the price of refined (white) sugar will rise 48.3% from US$450 to US$932.