Illovo Sugar to Boost Output as Drought Shows Signs of Endingby and
Company sees South Africa output rising by 300,00 tons
Parts of KwaZulu-Natal province experiencing heavy rainfall
Illovo Sugar Ltd., part-owned by Associated British Foods Plc, will lift production by as much as 300,000 metric tons should South Africa’s worst drought since 1992 end, AB Foods Chief Executive Officer George Weston said.
"We need the drought to end," Weston said in a presentation in London Tuesday. "I think it probably has broken to some extent. That will put two or three hundred thousand tons, we hope, onto the volumes in South Africa and make a manifest difference."
Parts of the country’s KwaZulu-Natal province, where Illovo grows sugar, experienced heavy rainfall Tuesday, according to the yr.no website, website, a joint service by Norwegian Meteorological Institute and the Norwegian Broadcasting Corp.