Sugar prices rally as stocks plummet

DnSugarHike1605c

Packets of sugar being sold at a Naivas Supermarket, Nairobi on May 16, 2023. PHOTO | BONFACE BOGITA | NMG

Kenya’s weekly optimal stock of sugar has dropped by 80 percent on the back of diminished production by factories and expensive imports, pushing up retail prices to a historic high.

The Sugar Directorate says they are now recording weekly stocks of 4,000 tonnes against the required optimum of 20,000 tonnes in order to meet the daily requirement in the country.

PAYE Tax Calculator

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