Looming Change in Sugar Prices as Govt Revises Cane Cost
The long-term objective of the government is to create a stable sugar industry where the lower production costs are passed directly to consumers...
✨ Key Highlights
The Kenyan government has reduced the minimum sugarcane price by Ksh250 per tonne, from Ksh5,750 to Ksh5,500, a move expected to lower retail sugar prices.
- The new price of Ksh5,500 per tonne is effective immediately, as ordered by Kenya Sugar Board Chief Executive Officer, Jude Chesire.
- This decision by the Kenya Sugar Board was made following consultations by the 4th Interim Sugarcestane Pricing Committee to balance farmer earnings, miller sustainability, and market realities amidst increased sugar production.
- Despite the reduction, Kenyan farmers continue to earn more than their regional counterparts in Tanzania and Uganda, with local prices remaining competitive.
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