Nairobi — The Government yesterday revoked 16 export trade licences as it began a radical purge of suspected cartels in the sugar industry, raising hopes that the pressure on consumer prices could ease.
Agriculture minister William Ruto said high pricing of the commodity had defied the basic fundamentals of demand and supply owing to cartels that had infiltrated the market, leaving consumers with huge expenditure bills.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article