Based on revenue generated through sugar sales in the SACU region as well as world market exports, the South African sugar industry generates an annual estimated average direct income of R14 billion. This constitutes R 5.1 billion in value of sugarcane production in South Africa.
How profitable is sugarcane farming?
A net return of $26.24 per farm acre is positive but relatively small, suggesting that long-term economic sustainability of independent sugarcane growers may not be feasible. If growers can lease their land for at least $100 per farm acre, the economic profitability of sugarcane production would be close to zero.
How much is sugarcane per acre?
The average yield of cane stalk is 60–70 tonnes per hectare (24–28 long ton/acre; 27–31 short ton/acre) per year, but this figure can vary between 30 and 180 tonnes per hectare depending on knowledge and crop management approach used in sugarcane cultivation.
Is sugarcane in high demand?
Global demand for sugar cane is forecast to grow over the next five years due to rising demand for alternative fuels, such as ethanol. World sugar consumption is also projected to increase over the period.
Where does sugarcane grow best in South Africa?
Sugarcane is a strategic crop for KwaZulu-Natal and Mpumalanga, where sugarcane production is located, comprising a substantial percentage of field crop gross farming income across the two provinces.
How much do farmers get for sugarcane?
“Farms that had more than 250 hectares planted to cane averaged $286,000 per farm, while farms with less than 50 hectares planted averaged just $10,000,” he said.
What agricultural crop is most profitable per acre?
10 Most Profitable Specialty Crops to Grow
- Lavender. Lavender farming can produce above-average profits for small growers, as it is such a versatile crop. …
- Gourmet mushrooms. …
- Woody ornamentals. …
- Landscaping trees and shrubs. …
- Bonsai plants. …
- Japanese maples. …
- Willows. …
What is the current price of sugarcane?
So, for the current 2020-21 marketing year, the SAP would remain at Rs 315 per quintal for the common variety, which accounts for more than half of the total sugarcane produce, while the prices for early variety and rejected varieties of cane would remain at Rs 325 and Rs 310 per quintal, respectively.
How much we can earn per acre?
Farmers are easily earning 8-10 lakhs per acre in a year. So if you don’t have huge amount of land, you can still earn in lakhs.
Is sugar cane bad for the soil?
The low organic matter status in the surface of sugarcane soils will increase the potential for soil structural breakdown, compaction, surface runoff and water erosion.
Which country produce more sugarcane than India?
Brazil has been the largest producer of the sugarcane in the world with its record of around 70 million metric tonnes. It has been ahead of India since the early years of last decade (2001-2010).