How protection of sugar sector is 'aiding cartels’

Chemelil Sugar board Chairman Zedekiah Bundotich (right) at the miller’s warehouse with other board members yesterday, where they found 20,000 bags of sugar yet to be sold. [Denish Ochieng, Standard]

State protection of the sugar industry is only benefiting cartels and monopolies, three global institutions have said.

The International Monetary Fund, the World Bank and World Trade Organisation have said lack of competition in the market due to State protection of moribund sugar millers had seen consumers pay high prices for the sweetener, even as farmers received peanuts for produce.