Saturday, August 29, 2009

Sugar price = Kshs 115

Kenyan consumers are once again being asked to brace themselves for another sugar shortage in the country.

This follows an unprecedented price hike on the commodity.

The commodity's price has escalated from 75 shillings a kilogram 2 months ago, to about 115 shillings.

A spot check at major supermarkets by revealed that there is also limited capacity that consumers are allowed to purchase.

In may outlets consumers were limited to purchasing just 2 packets of sugar due to the shortage.

The shortages which began to bite several months ago has escalated even after Mumias Sugar Company restarted its operations early in the month.

The move comes as parliament publishes a bill that seeks to re-introduce price control on basic commodities.

The Price Control (Essential Goods) Bill 2009 drafted by Mathira MP Ephraim Maina also seeks to see a control on the price of fuel.

Price controls were abolished in the early 1990s when former President Daniel Arap Moi's government liberalised the economy to allow free markets.

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