Tridge summary
The Zambian government has intervened to control the rising inflation rate by setting a maximum price for sugar at K58 across all chain stores. This decision was made after a dialogue between Commerce, Trade and Industry Minister, Chipoka Mulenga, and stakeholders in the sugar supply chain, following complaints of sugar being sold above the set price. The meeting was called upon instructions from President Hakainde Hichilema to address the concerns of essential commodities being sold at inflated prices due to fraudulent practices by some industry players.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
– Govt says commodity should be less than K60 NKOMBO KACHEMBA Lusaka WITH prices of essential commodities pushing the inflation rate to 14.7 percent, Minister of Commerce, Trade and Industry Chipoka Mulenga last week held a dialogue meeting with players in the sugar supply chain, where it was agreed that the price of sugar is not supposed to exceed K58 in all the chain stores. Some chain stores have been pricing sugar at more than K60 despite the manufacturers having not increased the price of the commodity. On Friday, Mr Mulenga held a meeting with Zambia Sugar Plc, Mansa Sugar, Kafue Sugar, chain stores, distributors and wholesalers of sugar to find out why there was an upward adjustment in the price of sugar. Mr Mulenga said he was instructed by President Hakainde Hichilema to ...
Source: Daily-mail
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