11/28/2023 0 Comments Mills 50 cent slot machine![]() Abuja traders like Abba Usman are facing problems now. In 2021, it banned imports of refined sugar that ran counter to a plan to build up domestic sugar processing and announced a $73-million project to expand sugar infrastructure. Nigeria, for instance, buys 98% of its raw sugar from other countries. Until then, import-dependent countries - like most of those in sub-Saharan Africa - remain vulnerable. Increasingly, sugar is being used for biofuels like ethanol, so global reserves of sugar are at their lowest since 2009.īrazil is the biggest sugar exporter, but its harvest will only help plug gaps later in 2024. ![]() tons), said Fabio Palmeri, an FAO global commodities market researcher. The United Nations Food and Agriculture Organization is predicting a 2% decline in global sugar production in the 2023-24 season, compared with the previous year, translating to a loss of about 3.5 million metric tons (3.8 million U.S.
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