Sugar producer, Tongaat Hulett Zimbabwe (THZ) has with immediate effect almost doubled the price of sugar.
The recommended selling price for a 1kg packet of white sugar, according to Tongaat Hulett is now $67,21 from $34,29, while for a 2kg packet is $134,42 from $68,57.
Zimbabwe Sugarcane Farmers Development Association chairperson, Mr Edmore Veterai said the price adjustments by Tongaat Hulett were justified taking into consideration that the production costs had gone up.
We are selling our sugarcane at a price which is below the production cost," he said.
Tongaat Hulett recently increased the price of citing cost adjustments in line with the interbank exchange rate.
