Home Business News Imported sugar drops by 43 percent

Imported sugar drops by 43 percent

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A report from the Sugar Directorate indicates that sugar imports dropped by 43 percent this year.

The drop in sugar imports is attributed to the large volumes of the commodity seen last year during the duty-free window.

This year the imports have dropped to 38,829 tonnes compared to last year 21,982 tonnes.

Between May and December last year,Kenya opened a duty-free window that saw over 90,000 tonnes of sugar being imported outside the Common Market for Eastern and Southern Africa(Comesa).

Sugar duty was crapped off by the treasury last year following a sharp decline in production of the commodity.Last year a 2kg of sugar retailed at Ksh 400.

Millers are now stuck with huge quantities of stock following large quantities of the cheap imported sugar.

Reports indicate that this month volume stands at 13,224 from 12,000 last month.

The cheap imported sugar has seen prices currently range between Ksh 195 and Ksh 215 compared to Ksh 220 in January and Ksh 230 in December

Slavian Mwangecho
Passionate blogger on a day to day activities happening in Kenya, Africa and around the world. A keen follower of the latest news making headlines around the world

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