Some 2.68million tonnes of sugar valued at N407.4billion ($905.3million) have been exported by Brazil to Nigeria within the last two years. The commodity is 84.58 percent of the total $1.07billion foreign sugar shipped to Nigeria between 2018 and 2019.
Brazil, which is the top supplier, exported $446,4million and $458.91million, while the total sugar exported in 2018 was $520.18 and $545.75million in 2019 as demand reached 1.7 million metric tonnes in 2020.
Last week, Nigerian Ports Authority (NPA)’s shipping position revealed that a total of 194, 050 tonnes was ferried to Lagos port by four vessels to Apapa Bulk Terminal Limited (ABTL) and Greenview Nigeria Development Limited (GNDL). Desert Hope with 52, 350tonnes offloaded its cargo at ABTL of the port, while SBI Bravo with 49,000tonnes, Almasi, 46,400tonnes and Genco Provence, 46300tonnes have been moored at GDNL…
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News Archive from before July 2018