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Salima Sugar stabilizing prices -Authorities

By George Lumwira

Authorities at Salima Sugar Company claim their production has helped to stabilize sugar prices in the country.

The partly government owned sugar manufacturer was commissioned in 2016 and works with cane-growers cooperatives under the Green Belt Authority-GBA.

The retail price of Sugar has remained around K 800 for the past years.

Maganizo Mazeze who speaks for both GBA and Salima Sugar Company observes that there is stability of sugar prices and supply on the market.

“The Green Belt initiative has helped to change the social economic lives of the farmers especially cane- growers that are contracted by the Salima Sugar factory.

“Again, the factory’s operations significantly helped to ensure the stability of Sugar supply on the market, a situation which positively leads to price stability,” Mazeze said.

The country has had only one player in the sugar production and supply market for decades, a development that saw the then sole producer operating without competition.

Meanwhile, Mazeze also noted that the situation has also led to the much-needed competition among sugar producers.

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