Supply shortage pushes sugar price to year-high

People walk past 16,000 bags of contraband sugar that was netted by the police at Moyale Mall in Eastleigh, Nairobi on July 3, 2018. File Photo | NMG

The price of sugar has risen to a one-year high, driven by an acute shortage in the market that retailers have attributed to the ongoing crackdown on contraband stocks.

A two-kilogramme packet of sugar is now retailing at Sh275 in Naivas supermarkets having shot up from Sh200 last month, a 35 per cent increase. Tuskys and Choppies are selling the commodity at Sh260 a kilogramme.

PAYE Tax Calculator

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