Sugar prices expected to drop as Mumias resumes operations

Kenya: Sugar prices are expected to drop as Mumias Sugar Company makes a comeback after two months of closure for maintenance. Currently sugar is retailing at Sh4,000 for a 50kg bag, a drop from last week's Sh4,300.

For the last two months, the cash-strapped company has shut operations in what the company officials termed as out-of-crop maintenance reasons to enhance efficiency and enable its canes to mature. Mumias Sugar, the largest miller in the country that accounts for 60 per cent of production, according to its officials, has normalised operations and now produces between 400 and 500 tonnes of sugar per day.