Sugar companies reduce prices
Dec 20, 2006
SUGAR firms have slashed factory prices in a bid to tame the exorbitant retail price. The retail price of sugar recently skyrocketed to sh3,000 from sh1,600 in Kampala and neighbouring areas.
By Joel Ogwang
SUGAR firms have slashed factory prices in a bid to tame the exorbitant retail price.
Richard Orr, the Uganda Sugarcane Technologists’ Association chairman, said a 50kg bag costs sh77,300.
He stated that the wholesale price is sh96,000 from sh125,000.
The retail price of sugar recently skyrocketed to sh3,000 from sh1,600 in Kampala and neighbouring areas.
A 50kg bag, formerly going for sh92,500 by the end of November, shot to sh125,000 in December.
Orr said the price escalation started in October, and coincided with Kinyara Sugar Works’ annual maintenance shut-down in October and November.
He revealed that Kinyara resumed production in early December and the three sugar firms are now operating normally.
“We expect sugar prices to stabilise around sh1,800 or sh1,900,†Orr said.
SUGAR firms have slashed factory prices in a bid to tame the exorbitant retail price.
Richard Orr, the Uganda Sugarcane Technologists’ Association chairman, said a 50kg bag costs sh77,300.
He stated that the wholesale price is sh96,000 from sh125,000.
The retail price of sugar recently skyrocketed to sh3,000 from sh1,600 in Kampala and neighbouring areas.
A 50kg bag, formerly going for sh92,500 by the end of November, shot to sh125,000 in December.
Orr said the price escalation started in October, and coincided with Kinyara Sugar Works’ annual maintenance shut-down in October and November.
He revealed that Kinyara resumed production in early December and the three sugar firms are now operating normally.
“We expect sugar prices to stabilise around sh1,800 or sh1,900,†Orr said.