Thursday, May 12, 2016

METL refutes hoarding over 2,000 tons of sugar

DAILY NEWS Reporter
ABOUT 2,990 tonnes of sugar which were found at PMM Estates (2001) Limited-Inland Container Depot (ICD) in Dar es Salaam on Wednesday belonged to Tanzania Commodities Trading Company Limited, it has been confirmed.

The joint statement issued in Dar es Salaam by Mohammed Enterprises Tanzania Limited (MeTL) and Tanzania Commodities Trading Company Limited said the consignment was not hoarded.
“The consignment was in transit to Uganda but because of scarcity of sugar in the country the product was preserved to be supplied in local market,” hinted Mr Murtaza Dewji, the owner of Tanzania Commodities Trading Company Limited. The clarification comes after previous reports suggested that MeTL had hoarded the sugar to create an artificial scarcity in the country.
“Tanzania Commodities Trading Company Limited had followed all the necessary steps for the consignment to be exported to Uganda, including seeking permission from the Sugar Board, Tanzania Food and Drugs Authority (TFDA) and security organs,” he added.
MeTL Chairman, Mr Gulam Dewji, further pointed out that his company being internationally recognised by trading agricultural products, the firm also produces products which demanded industrial sugar.
“Such products which require sugar is as beverages thus we need a huge stock of sugar at all time for production of the products,” Mr Dewji said in a media statement.
It further explained that such reports might fuel anger from members of the public at this moment of sugar scarcity, noting that when MeTL industries want to import sugar they should follow all the required steps.
According to Dewji, importing sugar from Brazil takes between 50 and 60 days by ship while from Dubai it takes only seven days and that they import the product from Dubai because of the small costs. “MeTL imports sugar from Dubai because of easier logistics compared to importing from Brazil,” observed the statement

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