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Standard Bank forecasts higher sugar output for Africa
Standard Bank expects sugar production in Africa to rise sharply on the back of firmer prices on world markets and a surge in demand. Business Report says that Africa represents innovative and attractive investment opportunities for the agricultural sector.
It quotes Helmut Engelbrecht, head of investment banking at Standard Bank as saying that the sugar sector is a strong investment opportunity as there is growing international and local demand for the commodity.
He says the bank expects a good pipeline of funding deals for projects in East Africa such as Kenya.
He says the fact that the European Union has adopted a preferential pricing policy for emerging sugar producers such as Swaziland and Mozambique mean investment opportunities remain strong.
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