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Mumias Sugar huge demand
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the deal
#321 Posted : Thursday, January 16, 2014 12:28:41 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!
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Cde Monomotapa
#322 Posted : Thursday, January 16, 2014 12:40:33 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!
Thus, in the event of a possible extension of the safe-gaurds, and other loopholes being sealed, then KISCOL will fill in more of the already existing national sugar deficit (that COMESA imports remedy). Better local environment for all. Sounds good to me.
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the deal
#323 Posted : Thursday, January 16, 2014 1:01:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
the deal wrote:
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!
Thus, in the event of a possible extension of the safe-gaurds, and other loopholes being sealed, then KISCOL will fill in more of the already existing national sugar deficit (that COMESA imports remedy). Better local environment for all. Sounds good to me.
1. Current deficit of 200K is currently being filled by COMESA imports. 2. When the COMESA safeguards/protections expire...COMESA countries can export sugar to Kenya ad lib...beyond the current 200K limit which means they can even bring in 700K tons if they want too. Good news for the consumer...Sugar is very expense in Kenya at the moment...COMESA countries can still make a kill even if they sale at half the price of the current retail prices in Kenya. 3. If you are an investor in this thing you better pray those safeguards are extended because if they're not...you are in trouble! More like tunaomba serikali itu saaidye...Laughing out loudly Laughing out loudly ...I hope my kiswahili is correct...I can bet there is 50% chance of those safe guards not being extended. By the way what loopholes are you talking about? KISCOL will survived...their farm is 90% irrigation...production costs are most likely more than half of Mumias.
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  | | Edit by user: Thursday, January 16, 2014 1:05 PM | Reason: Not specified
Cde Monomotapa
#324 Posted : Thursday, January 16, 2014 1:10:50 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week
www.coastweek.com/3638-l...nsignment-from-egypt.htm
Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see... We'll get concerned about KISCOL later - Who'll have capex to recover anyway.
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  | | Edit by user: Thursday, January 16, 2014 1:12 PM | Reason: Not specified
the deal
#325 Posted : Thursday, January 16, 2014 1:33:56 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week
www.coastweek.com/3638-l...nsignment-from-egypt.htm
Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see... We'll get concerned about KISCOL later - Who'll have capex to recover anyway.
Such Sugar is currently illegal because of the current safe guards..Egypt is part of COMESA. Trade Disputes already developing. Zambia justifies move to slap duty on Kenyan goods According to him, the Kenyan authorities refused to allow Zambian sugar entry into that market because they believe Zambia does not manufacture sugar but was getting it from South Africa. http://www.businessdaily...82/-/bmfroy/-/index.html Offcourse MSC can change its biz model and probably survive by starting to import cheap sugar if they can get a supplier that means sacrificing the farmers in Western Kenya...will the politicians allow it?
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  | | Edit by user: Thursday, January 16, 2014 1:37 PM | Reason: Not specified
Cde Monomotapa
#326 Posted : Thursday, January 16, 2014 2:08:40 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously. End of submissions. PS: Randomly, the elections are over. ;-)
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poundfoolish
#327 Posted : Thursday, January 16, 2014 2:57:00 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
the deal wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week
www.coastweek.com/3638-l...nsignment-from-egypt.htm
Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see... We'll get concerned about KISCOL later - Who'll have capex to recover anyway.
Such Sugar is currently illegal because of the current safe guards..Egypt is part of COMESA. Trade Disputes already developing. Zambia justifies move to slap duty on Kenyan goods According to him, the Kenyan authorities refused to allow Zambian sugar entry into that market because they believe Zambia does not manufacture sugar but was getting it from South Africa. http://www.businessdaily...82/-/bmfroy/-/index.html Offcourse MSC can change its biz model and probably survive by starting to import cheap sugar if they can get a supplier that means sacrificing the farmers in Western Kenya...will the politicians allow it?
Then the best thing would be for Kenya to evaluate on a country by country basis whoever is trying to bring in sugar.. what is the effect of Zambia's retaliation vis a vis stopping their sugar imports? The Tanzanians we can ignore since they are not friendly to us anymore. hopefully Sudan and Egypt have too much trouble at home to mind this for now. Yes it is Serikali Saidia time
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poundfoolish
#328 Posted : Thursday, January 16, 2014 3:00:56 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously. End of submissions. PS: Randomly, the elections are over. ;-)
but there are votes to be placated/won over, otherwise...
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Cde Monomotapa
#329 Posted : Thursday, January 16, 2014 3:07:27 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
poundfoolish wrote:
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously. End of submissions. PS: Randomly, the elections are over. ;-)
but there are votes to be placated/won over, otherwise...
C'mon boss...campaign funding. Eish..si huku ni Kenya? (before the political funding reforms) smile
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poundfoolish
#330 Posted : Thursday, January 16, 2014 3:21:30 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Cde Monomotapa wrote:
poundfoolish wrote:
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously. End of submissions. PS: Randomly, the elections are over. ;-)
but there are votes to be placated/won over, otherwise...
C'mon boss...campaign funding. Eish..si huku ni Kenya? (before the political funding reforms) smile
Aah i had missed the point by a thousand miles. Got you now.
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