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Mumias Sugar Hoarding
Dudette
#1 Posted : Wednesday, November 16, 2011 10:04:04 AM
Rank: Member


Joined: 10/1/2009
Posts: 139
Mumias still insists that retail outlets should never sell the commodity at more than 280 per 2kg. It is only once that I saw Tuskys trying to do so but within days, they had gone ballistics with the sugar going at 380. Who is taking the 100 shillings on top?

The answer seems to lie on a well orchestrated plan to ensure refined imported sugar that has been lying idle due to price is eventually sold. Why our supermarkets are playing ball with this corrupt individuals is hard to fathom.

Am calling on Mumias Sugar company to go ahead and allow me to be sell the sugar in Nairobi at 280. I have warehouses and a truck which I can drive to shopping centres and supply the sugar to consumers. Game shot.

Otherwise, who is hoarding the Sugar?
Dash
#2 Posted : Wednesday, November 16, 2011 11:16:51 AM
Rank: Member


Joined: 3/24/2010
Posts: 677
Location: Nairobi
Story of our lives. Its like everything in Kenya just seems upside down. What I'd like to know is at the moment are we the only facing this? Our neighbours are they facing the same problem and how are they tackling this?
Pray
willin2learn
#3 Posted : Wednesday, November 16, 2011 11:42:41 AM
Rank: Veteran


Joined: 2/12/2008
Posts: 1,178
@Duddete,

I'm with you on this one. Sugar is becoming another sweet cocaine. Around June when sugar prices began rising, MSC had closed down for maintenance or something like that. They however resumed operations in less than a month. Prior to closure distributors had secured and warehoused enough supply to see them through the maintenance period. In other words 'sugar shortage was a creation of the cartel.
wajuguna
#4 Posted : Wednesday, November 16, 2011 11:50:52 AM
Rank: Member


Joined: 10/11/2011
Posts: 110
Location: Kenya
@dudette
Didn't know you needed a go ahead from Mumias Sugar co. to retail the sugar at a price of your choice.
Lolest!
#5 Posted : Wednesday, November 16, 2011 1:11:52 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
All I know is some guys are getting rich: very rich
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Sure
#6 Posted : Wednesday, November 16, 2011 2:37:14 PM
Rank: Member


Joined: 9/9/2010
Posts: 546
Location: Garissa
wajuguna wrote:
@dudette
Didn't know you needed a go ahead from Mumias Sugar co. to retail the sugar at a price of your choice.


For you to sell the sugar, you get it from suppliers who are commissioned by Mumias. To retail, you don't buy directly from Mumias but from the suppliers. Dudette has a point. If Mumias sells the sugar to Dudette direct, she can sell the same at 280 for 2kg as Mumias suppliers sell the same at 240 to supermarkets.

Catch, White sugar is back in the market. Check it out in your local supermarket. Bought some 2kg in Tuskys for 380. It has been missing for a long time. My understanding is that the white (refined) sugar is usually import. Now you know. Consult Lolest for an update on the same.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
Njung'e
#7 Posted : Wednesday, November 16, 2011 3:24:53 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
MSC deals with distributors,who in turn sell to retailers.The current price to distributors is Kshs 3950 per 20Kg bale.You realise after the distributors,the firm has no control over price.I would think that one way of keeping away the mad profiteers would be for the firm to put RRP on their packaged sugar....Is the situation likely to improve?.No!.Now,here is where the government comes to spot.The cane prices have shot up from 1350 some 15 months ago to 4300 currently.Reasons?The government allowed small sugar firms to operate in the country without their own nuclues or outgrowers.For the small firms to survive,they have resulted in poaching cane from the big firms or hiking cane prices to entice farmers.The result has been a cane price war.The net effect has been passed on to consumers while the farmers laugh all the way to the bank.
Nothing great was ever achieved without enthusiasm.
Thiong'o
#8 Posted : Wednesday, November 16, 2011 4:32:03 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
Njung'e wrote:
MSC deals with distributors,who in turn sell to retailers.The current price to distributors is Kshs 3950 per 20Kg bale.You realise after the distributors,the firm has no control over price.I would think that one way of keeping away the mad profiteers would be for the firm to put RRP on their packaged sugar....Is the situation likely to improve?.No!.Now,here is where the government comes to spot.The cane prices have shot up from 1350 some 15 months ago to 4300 currently.Reasons?The government allowed small sugar firms to operate in the country without their own nuclues or outgrowers.For the small firms to survive,they have resulted in poaching cane from the big firms or hiking cane prices to entice farmers.The result has been a cane price war.The net effect has been passed on to consumers while the farmers laugh all the way to the bank.


Dissecting the stakeholders.

..deals with distributorssmile

..the firm has no control over price Sad

..the farmers laugh all the way to the bank.Laughing out loudly Laughing out loudly

...net effect has been passed on to consumersSad Shame on you

...the shareholdersPray

Njung'e
#9 Posted : Wednesday, November 16, 2011 4:41:23 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Thiong'o,
If they get the volumes right before end of FY,the shareholders might have something serious to laugh about....IF!
Nothing great was ever achieved without enthusiasm.
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