Ethiopian government ended the sugar production and import subsidy scheme

Ethiopian government ended the sugar production and import subsidy scheme at the beginning of 2020. The removal of subsidy has resulted in a five birr retail price increase for each kilogram of sugar. A letter sent from the Ministry of Trade & Industry to the Ethiopian Sugar Corporation mentioned an increase in the factory gate price of sugar from 15.54 br a kilogram before Value Addd Tax (VAT) to 20.54 Br. The increase was made due to rising production and the cost of importing sugar.