Ruto has revealed why sugar is so expensive
President William Ruto has blamed the recent increase in sugar prices on confusion and chaos in the sugar industry.
Speaking on Wednesday, Ruto said that the government has been working to streamline the industry, but that it has been difficult due to the lack of cooperation from some stakeholders.
“We’ve had confusion and chaos in the whole sugar sub-sector and we are streamlining that sector because the whole sugarcane sector has been riddled with all manner of confusion and poaching of sugarcane from one corner to another,” Ruto said.
He also said that some sugar companies have been harvesting sugarcane that is not mature, which has led to a decrease in the overall sugar supply.
Ruto said that the government has been reluctant to import sugar, as this has been used in the past to try and destroy Kenya’s sugar economy. However, he said that the government has now given permission for the importation of sugar, and that prices should start to decline in the next week or two.
“By mid of this month, we will see a different situation pertain sugar because that is when we expect the first stocks of sugar to come into the country,” the President said.
Ruto said that he has a thorough strategy for streamlining the sugar industry, and that he is confident that prices will eventually stabilize.