Zimbabwe demonstrates agricultural recovery through substantial sugar production increases and expanding horticulture markets according to IH Securities analysis. The sector targets US$13.75 billion value by year end after achieving US$8.2 billion in 2021. Agricultural output contributes 12 percent of national economic activity while supporting millions of citizens. Better rainfall patterns and government dam construction drive this growth alongside emphasis on valuable crop varieties. Recovery follows difficult 2024 drought conditions caused by El Niño weather patterns.
Sugar manufacturers Hippo Valley and Triangle generated over 440,000 tonnes during the 2024/25 season compared to 320,000 tonnes required domestically. Hippo Valley achieved 364 percent export growth reaching 15,711 tonnes in the first quarter. Local processors GoldStar and Tongaat price sugar at US$900 and US$890 per tonne respectively. Import prices remain lower at approximately US$800 per tonne creating market pressure. Domestic consumption faces challenges despite strong production levels.
Sugar manufacturers Hippo Valley and Triangle generated over 440,000 tonnes during the 2024/25 season compared to 320,000 tonnes required domestically. Hippo Valley achieved 364 percent export growth reaching 15,711 tonnes in the first quarter. Local processors GoldStar and Tongaat price sugar at US$900 and US$890 per tonne respectively. Import prices remain lower at approximately US$800 per tonne creating market pressure. Domestic consumption faces challenges despite strong production levels.
