Selling Price of Sugar To Reduce To Later This Month
Selling price of sugar has reduced in what sector officials attributes to lower demand and sufficient stocks resulting from enhanced imports.
The price has reduced from Sh230 per two-kilo packet to Sh210.
Solomon Odera, the head of sugar directorate, said they had increased imports to cover up the declining local production.
He also added that they bring in imports that are appropriate.This has ensured that Kenyans have adequate stock in the market that has helped to deal with high cost of sugar.
In addition he said that they have always wanted to maintain a range of Sh205 and Sh210, this being a reasonable price.This is to protect customers from high cost of commodity
However, Mr Odera said that there might be pressure from later this month as the country moves towards December festive season when consumption ordinarily spikes.
Mr. Odera also said that they expect that the price may increase as we approach December. This could happen as early as this month, but they expect to expand the volumes so that the higher demand will not have a significant impact on the cost he said.
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