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Originally published by Nation Business
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business
October 20, 2024
11mo ago

Kenya sugar prices erratic as regional markets stabilise

Kenya sugar prices erratic as regional markets stabilise

Last week’s data from the sector regulator indicated that both Nairobi and Mombasa witnessed significant changes, especially in the brown sugar market...

✨ Key Highlights

Kenya is facing erratic wholesale sugar prices, with significant increases noted in Nairobi and Mombasa as regional markets stabilize.

  • Wholesale sugar prices surged by $38 per tonne in Nairobi and $30 in Mombasa, raising concerns over availability and affordability.
  • According to the Agriculture and Food Authority (AFA), Nairobi had the highest brown sugar prices, deepening inflation concerns.
  • Import costs from the Common Market for Eastern and Southern Africa (Comesa) remain unfavorable, with Mombasa facing import parity margins of $81 to $90 per tonne.

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