LONDON, Dec 21 (Reuters) – Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country,.
The sugar industry was recently shaken by the confusion of signals within the government on whether there was a need to import 300,000 metric tons of sugar.
Comesa countries from where Kenya is allowed to import sugar, are selling it, especially to the European Union owing to good prices that it fetches there.
At least five vessels are headed toward Russia with nearly 200,000 tonnes of Brazilian raw sugar sold by European traders, according to shipping data seen by Reuters, about double the country’s normal annual imports of the sweetener. Sanctions following Russia’s invasion of Ukraine have boosted demand for sugar and other food staples there, and store .