Nigeria’s sugar import bill is over $500m, the highest in SSA. Growing domestic consumption at a time of widespread obesity and dental challenges in the country is a major concern for policy makers.
Meanwhile, the sudden crash of the naira to N367/$ is likely to impact commodity prices in spite of the Chinese Yuan/Naira deal.
The attached document contains a synopsis of the global and domestic sugar market, and a snapshot of burning economic issues.
Enjoy your read!