Ethiopia May Ship Sugar in 2016 as India-Backed Plant Ready
- Raw sugar output forecast at over 900,000 tons in year to July
- State-run Sugar Corp. seeks $8.2 billion to finish 10 projects
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Ethiopia may begin exporting surplus raw sugar in 2016 after finishing delayed Indian and Chinese-backed projects in the drought-hit east of the Horn of Africa nation, the state-owned Sugar Corp. said.
Unrefined sugar production in the fiscal year that ends July 7 should be more than 900,000 metric tons, primarily from the expanded Fincha, Wonji and Metahara factories and the almost complete Tendaho and Kessem operations, which are supported by state banks in the Asian nations, according to company spokesman Zemedkun Tekle.