Hippo Valley chases ‘stronger’ domestic margins

Hippo Valley Sugar Estates

HIPPO Valley Estates (Hippo Valley) says it is prior­itising the domestic sugar market, where margins are stronger, as weakening global prices squeeze export profitability. The sugar producer’s local market sales accounted for 93 percent of total sales volumes in the first quarter to June 30, with volumes rising eight percent year-on-year. “The local market continues…

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