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00:00Oh
00:19Oh
00:30This tariff thing now that has been imposed by Trump it's going to have
00:59a negative effect in our operations because now the price that we are selling the cane
01:05to the Assad countries it's going to be more we have to have 30 percent more of the price
01:11of which the customers will have to compare now which one is cheaper eventually they'll
01:16go for a cheaper price and then it will affect us they won't buy our sugar
01:20alcohol it's more significant to us because we're able to send our sugar outside South
01:41Africa so now if that process stops then the price that we are being paid for the sugar
01:47that we sell it to the mills it will be affected if we look at the this month that we are going
01:53into August the price has been declared it's 100 yen less so going in the other months now we don't
01:59know how much it will also come down of which it will have a negative effects
02:13I make about 2.4 million and then if you minus that one with 30 percent probably around about 500
02:31thousand will be lost now I have to cut down everyone so that I can be equal to what I'm earning
02:44than what I am producing everything now has to turn back and refresh back
03:01that's all if I can right sugarcane farmers in South Africa get paid a revenue share of the sugar
03:28that's sold so essentially we require to fetch the best price for all the sugar that we produce
03:36so that we get a share of that and when you have for instance a tariff like this that's going to
03:41reduce the price of a consignment of sugar we get paid less as farmers as well when we have imported
03:48sugar coming into our country and displacing our locally produced sugar we also feel a loss from
03:54that because we are not selling our sugar in the local market we now have to export our locally produced
04:00sugar into a loss-making international market
04:13yeah we would we would really urge government to conduct themselves seriously with the trump
04:18administration right now and try and come up with a deal because if we don't have good trade
04:24relationships with the us it's going to be detrimental not just to our sector but to many others as well
04:29because at the bottom line united states is one of the largest markets in the world and i think for
04:36almost any commodity that you're trading in
05:06so the sugar that we store in the south african sugar terminal is raw sugar the u.s market compared
05:24to other export markets the value we generate is you know is far superior and being an industry that
05:31that effectively um that effectively a million livelihoods are dependent on you know a loss
05:38of revenue in that market will definitely hurt our industry that's something that's deeply deeply
05:42concerning for us we aren't able to recuperate the losses of the reciprocal tariff from other markets
05:58um so we'll be able to sell the sugar to another market but not at the same level that we've enjoyed
06:03previously um before there is a prickle tariff under goa and the other trade agreements
06:08and then we are packing it into these one times this one times is now going to the local market
06:13and depending on
06:20guys i'm only going to come visit if you get me a proper one
06:23in the export market in general the prices that we try to secure are challenging in itself but with
06:31the u.s quota and now with an increased tariff on that it leaves us with further uncertainty where we
06:36previously had some certainty
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