Moroccan sugar producer Cosumar has reported a net result of 333 million dirham for the first half of 2026, down from 387 million dirham during the same period in 2025. The company's consolidated revenue stood at 4.82 billion dirham, a 10% decline from 5.36 billion dirham in the previous year. This decrease is primarily attributed to lower global sugar prices, which impacted the company's sugar export sales.
The first half of 2026 was marked by challenges for Cosumar, including floods in the Gharb and Loukkos regions, as well as disruptions to port operations due to adverse weather conditions during the first quarter. These disruptions affected the company's import and export activities. However, Cosumar managed to mitigate some of the losses through efficient industrial and logistical capacity utilization.
Cosumar's agricultural activities benefited from improved water conditions, enhancing the outlook for upcoming agricultural seasons and national sugar production. The company expects to cultivate over 60,000 hectares of sugar crops in the 2026-2027 season, supported by a higher dam filling rate. Global sugar prices have rebounded since the start of August, with a strong increase in white sugar premiums.
Cosumar has a daily sugar refining capacity of over 7,000 tons, dedicated to supplying the domestic market and meeting export sales targets. The company anticipates a gradual return to normal shipping operations during the second half of 2026, enabling it to pursue its annual budget objectives.
In line with its strategy to diversify activities and promote a circular economy, Cosumar is progressing with projects to expand its industrial and logistical capabilities. The company expects to commence industrial production of liquid carbon dioxide in the first quarter of 2027, with initial deliveries scheduled to start shortly after.
Cosumar continues to explore innovative industrial and circular economy projects aimed at diversifying its activities and developing new growth drivers. The company's efforts to adapt to changing market conditions and enhance its competitiveness are ongoing, with a focus on sustainable development and economic growth.
The improved water conditions and rebounding sugar prices have bolstered Cosumar's prospects for the remainder of 2026 and beyond. With a strong focus on operational efficiency and strategic growth initiatives, the company is well-positioned to navigate the challenges of the sugar industry and capitalize on emerging opportunities.
Key points
- Cosumar reports 333 million dirham net result for first half of 2026.
- Company expects to cultivate over 60,000 hectares of sugar crops in 2026-2027 season.
- Cosumar to commence industrial production of liquid carbon dioxide in Q1 2027.
