(2 minutes read)
· Unsold stocks of sugar in factories have gone up more than five times the required limit, cutting consumer prices by Sh20 on a two-kilogramme packet, according to Sugar Directorate
· Millers hold an average of 12,000 tonnes of sugar against 2,300 tonnes requirement
· The country is projected to record 660,000 tonnes of sugar this year against 603,788 that was realized in 2020
Unsold stocks of sugar in factories have gone up more than five times the required limit, cutting consumer prices by Sh20 on a two-kilogramme packet, according to Sugar Directorate. Millers hold an average of 12,000 tonnes of sugar against 2,300 tonnes requirement.
The country is projected to record 660,000 tonnes of sugar this year against 603,788 that was released in 2020. The retail price of sugar has dropped to Sh195 from Sh215 for a two-kilo packet in supermarkets due to increased supply. High volumes of the commodity in the country this year prompted the Treasury to cut on the quantities that are normally allowed to Kenya as imports.
The Treasury put a ceiling on the amount of sugar that can be imported duty-free to Kenya from the Common Market for Eastern and Southern Africa (Comesa) at 210,163 tonnes down from 350,000 tonnes annually.
