Bunge approves new sugar industry deal
DODOMA, Nov. 6 -- TANZANIA is set to expand value addition in its sugar industry after National Assembly approved a resolution to ratify amendments to the International Sugar Agreement of 1992, paving the way for increased production and utilisation of products derived from sugar production.
The amendments are expected to create investment opportunities in ethanol, electricity, fertiliser production inputs and raw materials for the beverage industry, while facilitating access to new technologies and strengthening international cooperation in addressing economic and social challenges facing the global sugar industry.
Presenting the parliamentary resolution, Minister for Agriculture, Mr Daniel Chongolo, said the amendments were agreed upo...
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