wazua Wed, Apr 29, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<1234>»
Price Control Act for essential commodities
Options
Previous Topic · Next Topic
Obi 1 Kanobi
#11 Posted : Thursday, June 24, 2010 1:18:16 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
This is a silly populist law that will never work. I would not waste time agonizing about it.

Why can't they adress the real problem.

Corruption, maize scandals etc.

Why does NOCK not sell its fuel at the 'correct price'

Having said that, the MP's move will make the govt think hard on ways to address the perrenial issues around essential goods in Kenya, it is not fair that the price of Unga should move from 60 to 120 simply because someone in carhoots with govt officials are hoarding the commodity and creating unnecessary supply bottlenecks.

May be the MP's should start supplying these essential goods, since with this bill they are suggesting that they understand these businesses more than the businessmen.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Back to top
  | | Edit by user: Thursday, June 24, 2010 1:25 PM | Reason: Not specified
StatMeister
#12 Posted : Thursday, June 24, 2010 1:19:25 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
AND THERE GOES MY DREAMS OF A COMMODITIES / FUTURES MARKET IN KENYA BEFORE 2030.

And in other news, I hope they also do not have a proposal for a stocks price cap
A bad day fishing is better than a good day at work
Back to top
  |
the deal
#13 Posted : Thursday, June 24, 2010 1:51:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
the deal wrote:
The GoK has an obligation to save its citizens not oil cartels set up by politicians...free markets have failed even in the U.S..in SA and Nam the Goverments sets the petrol pump price,tells the banks to lend at x%..removes VAT on basic goods like Unga...have the quality gone down=NO,are banks bankrupt=no probably most profitabe in Africa...this is long overdue...people cant suffer in the name of capitalism..BRAVO GOK!!!!
Back to top
  |
B.Timer
#14 Posted : Thursday, June 24, 2010 3:27:44 PM
Rank: Veteran

Joined: 5/31/2008
Posts: 1,076
Move informed of myopia.

Very populist but sure to boomerang on us.

If you ask the masses which way, they will give it an overwhelming approval, only to start grummbling later when things, as they sure will, begin taking an undesirable direction.
Dunia ni msongamano..
Back to top
  |
The Merchant
#15 Posted : Thursday, June 24, 2010 4:06:14 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
@ statmeister... You are right , this may just have completely trashed the idea of a commodity futures market. Real shame. Only Kibaki can save us now. Lets hope he has a few good advisors. I doubt Kinyua is for this. He is a sharp guy.
Back to top
  |
Borsenmakler
#16 Posted : Thursday, June 24, 2010 4:44:54 PM
Rank: New-farer

Joined: 6/22/2010
Posts: 39
Location: Nairobi
@ thedeal, no you are wrong price controls are archaic, of the days of king Edward of Britain. Am not supporting capitalism fully but there must be a better alternative than price controls which translates to soft communism. Long live the forces of demand and supply or more simply free market. The commodities exchange can still work with price controls, but not in kenya we are too young an economy to handle that complex world of derivatives together with the controls.
Spread love like violence.
Back to top
  |
kadonye
#17 Posted : Thursday, June 24, 2010 4:48:26 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
Mukiha,BTimer,Mpenzi hata bei ya Mafuta?
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
Back to top
  |
reithi
#18 Posted : Thursday, June 24, 2010 4:52:46 PM
Rank: Member

Joined: 1/12/2007
Posts: 75
There is no point controlling prices for goods that are short in supply.

Lets say the price of Jogoo is capped at 52 bob. Logically, the producer prices for maize will have to be controlled as well, irrespective of input costs.

This will definitely backfire.
Back to top
  |
KulaRaha
#19 Posted : Thursday, June 24, 2010 5:07:29 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
India has fuel price control, and is doing better economically than we ever will.

Malaysia had fuel price control until 2008, and they are also better off than we are.
Business opportunities are like buses,there's always another one coming
Back to top
  |
KulaRaha
#20 Posted : Thursday, June 24, 2010 5:10:23 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Wazua, merge this thread with the other one on the same subject...
Business opportunities are like buses,there's always another one coming
Back to top
  |
6 Pages<1234>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.