Tanzania: Imported sugar supply begin to ease shortage, cool prices

Sugar

Tanzania

Market & Price Trends

Published Feb 6, 2024

Tridge summary

Tanzania's sugar shortage, which led to record high prices, is expected to ease as distribution of imported sugar started on Monday. The Minister for Agriculture, Hussein Bashe, announced the distribution at indicative prices and mentioned a review of the sugar law and trading system for mutual benefits of consumers and producers. The Kilombero Sugar Company has begun distributing its imported consignment, and the government has urged producers to open depots in various regions to prevent artificial shortages.

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Original content

THE sugar shortage that drove prices to record highs is finally poised to ease as distribution of imported sweeteners began on Monday to fill in the supply gap. The Minister for Agriculture, Hussein Bashe said on his X account that a consignment of imported sugar had begun to be distributed in various areas in the country at the indicative prices. "I am pleased to inform you that the imported sugar has started to be supplied in the market today (yesterday), said the minister on his X account on Monday. He said sugar supply would return to normal after local producers acted swiftly to import part of 100,000 tonnes as approved by the government early this year. He said the consignment imported by Kilombero Sugar Company, one of the sugar producers in the country has started to be distributed. "I know the challenge of price still exists and there are places where traders do not follow the indicative price. We have arrested some of the traders and we have started the process of ...

Source: All Africa