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Mumias Sugar company has in their warehouses close to 15,000 metric turns of unsold stored sugar.
Return on investment in the sugar industry is speculated to drop even further .This follows the expiry of the COMESA market safeguards that has seen an increased imports of processed sugarcane into the country. Players in the industry have reported drop in earnings per shares. The farmer is the one stakeholder carrying the heavy burden of the huge losses in this secto.
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