Factory sugar stocks rise on high imports

Bags of sugar are offloaded from a ship. file PHOTO | NMG

Sugar stocks mainly in western Kenya factories have begun piling up again as imports take toll on local sales. A report by the Sugar Directorate shows stocks held have gone beyond 11,000 tonnes between December 12 and 14 with very little movement in terms sales. Last month the stocks were below 9,000 tonnes.

The opening stocks by all millers on December 13, for instance, was 11,208 while the closing stock was 11,923 implying the factories were unable to sell sugar on the dates.

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