Fincha, Wonji Shewa, Omo Kuraz II, and Omo Kuraz III sugar factories resumed production. Ethiopian Sugar Industry Group further announced that Tana Beles, Kesem, Arjo Dedesa, and Metehara sugar factories were under maintenance and will be back in the market starting from March, 2023.
It is to be recalled that the Group gave a statement in October 2022 declaring that all sugar factories would start production in mid November, 2022 after completing their maintenance.
The Ethiopian Government issued an international tender in August this year to transfer the ownership of eight sugar factories to private investors. The factories that were open for auction were Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo Kuraz 5, Arjo Dedessa, Kessem, Tana Beles, and Tendaho.
Ethiopia produces 3 to 4 million quintals of sugar annually while the annual sugar consumption is between 5 and 6 million quintals.
Source: Fana BC and Walta Media and Communication Corporate
Image source: Fana BC