Kenya's Sugar Pricing Committee Cuts Cane Prices By 2%

Kenya's Sugar Pricing Committee has implemented a two percent reduction in the price of sugarcane, responding to a concurrent decrease in the cost of the commodity on the retail market.

"The significant drop in sugar prices on the shelf prompted the committee to lower the cost of sugarcane per tonne," said Mr Chesire to Business Day Africa. Agriculture Cabinet Secretary Mithika Linturi pointed out last month that sugar prices had substantially decreased due to government-initiated measures.

The decline is attributed to increased local sugar production facilitated by the Agriculture and Food Authority , which permitted sugar factories to fully resume operations last December.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DStv Announces New Pricing for 2024DStv has revealed its new pricing for 2024, with increases ranging from 3.1% to 7.8%. The company aims to keep increases minimal and will not raise prices for streaming customers. Contract options are introduced to fix prices for the remainder of contracts.
Source: BusinessTechSA - 🏆 24. / 61 Read more »