Sugar prices set to increase as millers’ stocks decline

Sugar prices set to increase as millers’ stocks decline

October 22, 2019 Off By Admin

Brace yourself for tough times ahead as sugar prices are bound to shoot up given that the level of the stock continues to drop, creating inadequacy in the market.

According to the Sugar Directorate, stocks have fallen from 16,000 tonnes to 14,000 in the last two weeks. This comes even as the shelf price of the sweetener has stabilised with a two kilo retailing at 250 shillings from 270 shillings last month.