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AfricaMoney | October 19, 2017

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Mauritius Sugar Syndicate allocates contract to Cristalco for commercialisation of sugar in the European Market

Mauritius Sugar Syndicate allocates contract to Cristalco for commercialisation of sugar in the European Market

The concluding agreement with Cristalco results from an intensive research done by the Mauritius Sugar Syndicate while taking into consideration potential changes on the European market, with the abolition of quotas on beet sugar and isoglucose in October 2017.(Image: Mauritius-tourist-guide)

With the expiration of its contract with the largest sugar producer in Europe, Sudzuker Company, this year the Mauritius Sugar Syndicate has decided to reinstate its commercialisation and marketing contract to three international enterprises namely, Cristalco, British Sugar and Real Good Food.

Starting the negotiation process with the Mauritius Sugar Syndicate a French delegation from Cristalco landed yesterday January 15, 2015.

Following the meeting, at Labourdonnais Hotel in Port-Louis, the Mauritius Sugar Syndicate and Cristalco concluded that the new agreement will be operational as from October 2015 by end of the Sudzuker contract.

The concluding agreement with Cristalco results from an intensive research done by the Mauritius Sugar Syndicate while taking into consideration potential changes on the European market, with the abolition of quotas on beet sugar and isoglucose in October 2017.

The agreement comprised the marketing and commercialisation of a minimum of 130 000 tons of refined sugar on an annual basis from Mauritius to European Union market.

The contract will be beneficial for the Mauritius sugar sector along with its newly international partner Cristalco that will also operate in several sectors and engage in distribution.

Furthermore, with this agreement the Mauritian sugar sector will be able to face out the fierce economic competition on the sugar market with the initial perspective to create more openness on the European market by 2017.

Finally, the representatives of British Sugar are expected in Mauritius in the coming weeks, while the discussions continue with Real Good Food.

The actual quota which will be abolished by 2017 is guaranteed by the European market to the African, Caribbean and Pacific countries elevates to 3.5 million tons of sugar on the European market, where actually Mauritius exports 300 000 tons of white sugar and 120 000 tons of special sugar on the American, European and other market.

About Cristalco:

Crisatalco forms the commercial segment of the French Cristal Union, one of the largest beet sugar cooperatives in the European market, where the French group initiates in the production of 1.5 million tons of beet sugar, 2.5 million hectolitre of alchohol and ethanol with 4 million hectilitres of bioethanol for an initial 4 year period.

Source: BusinessMag

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