Illovo disappointed by lower sugar protection price
One of the biggest South African sugar companies Illovo Sugar South Africa has expressed disappointment that the increase in the Dollar-Based Reference Price gazetted on Friday is only about half the increase the industry asked for in 2024.
VIDEO | Concerns over sugar imports flooding SA industry — SABC News (@SABCNews) July 28, 2026 The South African Sugar Association wanted the protection mechanism to be set at $905, while only $785 per ton was approved.
The South African Farmers Development Agency says the US-imposed 30% tariff increase on the country’s imports will cripple many farmers especially in the sugar cane growing industry in KwaZulu-Natal.
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