The Ethiopian Sugar Corporation had awarded an Indian based Company called AgroCorp International PTE LTD the bid to provide 75,000 tons of sugar, according to Addis Fortune.
The financial opening was held on September 9, 2015, at the corporation’s premise. AgroCorp agreed to supply the specified amount with 397.23 dollars per ton.
AgroCorp supplies commodities like sugar, pulses, rice and oilseeds globally.
Various companies from different countries had offered different prices, but the Corporation had inked a deal with AgroCorp.
The corporation this year had planned to exceed the national sugar demand, but production targets of existing sugar factories and new factories which were expected to start production had failed.
At the beginning of October 2015, the first shipment of sugar will leave India, Mesfin Melkamu, Deputy Director for Corporate Finance at the Sugar Corporation noted.
The Corporation will distribute the imported sugar to wholesalers, Merchandise Wholesale and Import Trade Enterprise (MWITE), Et-Fruit, consumer associations in Addis Ababa and beverage factories.
Source: Addis Fortune