Trade Committee to Investigate High Sugar Prices

Speaker of Parliament Anita Among has tasked the Trade, Tourism and Industry Committee to look into the country’s high sugar costs.

This followed a matter of national importance raised by the Hon. Nakifuma County MP Fred Ssimbwa on rising sugar prices and falling sugar cane prices during the plenary on Wednesday, November 2, 2022.

Ssimbwa said that over the past four months the price of sugar has gone from Shs 150,000 for a 50kg bag in May to Shs 165,000 for the same in June 2022.

He said the price of sugar fell four times in September and October from Shs185,000 to Shs195,000 in just nine days. He said that in less than a week, that price went down again from Shs 215,000 to Shs 217,000.

Simwa Audio

He said the farm gate price of sugarcane continued to fall despite the high sugar price in his Nakifuma constituency.

“Some places like Kikuubo, a bag of sugar costs between 230,000 and 240,000 Shs per bag [of 50kg]. I seek explanations from the Ministry of Commerce on the current sugar situation,” he said.

The Minister of State for Trade, Hon. Harriet Ntabazi said the issue of rising prices was a serious matter given that there was excess production of sugar following the establishment of new factories over the past two years.

Ntabazi AUDIO

President Anita Among asked the minister to outline what the government will do to stabilize sugar prices.

She also asked the Trade and Tourism Committee to look into the matter and report back to the House.

AUDIO speaker among

Distributed by APO Group on behalf of the Parliament of the Republic of Uganda.

Comments are closed.