Mututho wants sugar capped at Sh130
15 December 2011, 13:23
Nairobi - Capital News reports that the John Mututho led Parliamentary committee on agriculture now wants the maximum price of sugar capped at Sh130 per kilo saying unscrupulous retail traders have been manipulating the costs to unduly gain from the current shortage.
The committee, led by the Naivasha MP, noted that the costing formula used by millers under the prevailing conditions set the price at Sh115 per kg but retailers increased the prices to highs of Sh200 per kg.
Mututho maintained that retailers be held responsible for the escalating sugar prices and be reprimanded for exploiting consumers noting that millers had indicated that the maximum retail price per kg should not have exceeded Sh150.
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