News International Sugar Journal

Sugar prices in Kenya hit record high due to shortage [Registered]

Recent coverage on the BBC World service noted that there has been a dramatic increase in sugar price in Kenya. Bloomberg reports that a price for a kilo of sugar shot to 200 shillings (U$2.15). The historic high has been blamed on local cartels creating shortage through their control over distribution network with the aim of profiteering. Kenya’s Business Daily reports that the average ex-factory price of sugar remains at between Sh5,000 and Sh6,500 per 50kg bag or Sh130 per a kg – confirming the profiteering from the wide margins in the retail market. Combination of factors have led to…

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