EDITORIAL: Sugar prices inflated

A man picks sugar at a supermarket in Nairobi. FILE PHOTO | NMG

What you need to know:

  • That a two-kilo packet of the commodity is now retailing as high as Sh275 in from Sh200 last month is inexcusable as it is irrational.

There seems to be no end in sight to the sugar sector troubles. Even before the dust raised by the discovery that raw sugar with impurities such as copper was being sold in local shops has settled, consumers are being subjected to buying overly-priced sugar from the marketplace.

That a two-kilo packet of the commodity is now retailing as high as Sh275 in from Sh200 last month is inexcusable as it is irrational.

It is even more puzzling when one listens to suggestions that the prices are rising because the recent crackdown on contrabands has reduced the amount of sugar in circulation.

In other words, the barons of the sugar industry are telling us that we have to let them reign supreme in the marketplace or suffer the pain.

There is therefore a high likelihood that the current shortages have been engineered, as has been done countless times before by these unscrupulous traders in pursuit of profit at all costs.

The truth, however, is that Kenya has enough sugar millers to sustain properly processed and well-priced sugar in the domestic market. They must be supported to do so.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.