Kenya is seeking a new extension for sugar safeguards from the Common Market for Eastern and Southern Africa (Comesa) before its expiry in February, according to local press reports.
Kenya secures 2-year deal from COMESA to check cheap sugar imports [Registered]
Kenya has won a two-year extension of sugar import limits from the regional trade bloc Common Market for Eastern and Southern Africa (COMESA) to give it more time to overhaul its ailing sugar sector, reported the local newspaper Standard.
COMESA spares Kenyan sugar industry from cheap imports for another year [Registered]
The arrangement was to expire in February 2016. However, at the Comesa council of ministers meeting held in Lusaka, Zambia recently, Kenya secured approval for an additional safeguard year up to February 2017.
Kenya – COMESA extends lifeline to the troubled industry for another year [Registered]
According to Ecobank’s latest report on Kenya’s sugar outlook, the East African country’s is likely to face difficulties in implanting reforms in the sugar industry because of the interlocking stakeholder and political interests in the country’s sector.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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