Sugar millers have for the first time crossed the 600, 000 tonne production mark raising their earnings outlook.
Data from the
Cane deliveries to the factories rose 16.7 per cent to 6.67 million tonnes from 5.7 million tonnes a year earlier.
But farmers are unlikely to earn more given that the millers have been reducing cane prices in what is linked to the increased supply of the commodity.
The rise in cane supply is attributed to improved weather and increased acreage under cane as existing and new millers scramble to recruit new farmers.
"The company looks to better performance in the second half despite the challenges as the supply of sugarcane is expected to improve due to adequate rainfall," said
Mumias recorded a turnaround in the period to December as its revenues grew 31.5 per cent to Sh7.13 billion on higher unit sales.
Sugar cane supply has grown sluggishly in recent years on reduced production by farmers and decreased rainfall.
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