Sugar prices may decrease for consumers in the near future. When the port of Mombasa, ships carrying the first shipment of the duty-free sweetener docked. Normal imports of the good would be subject to a 50% tariff.
According to the Port’s ship manifest, the first ship will arrive on Tuesday, and the second one will dock on March 1.
The first ship, the San Nicolas, carrying 21,000 tonnes from Thailand, will port on Tuesday. The second ship, the Sheng Heng Hai, is anticipated to dock on Wednesday; its cargo amount has not yet been revealed.
These are the first shipments of duty-free imports to reach the nation since the government last year waived import duties on rice, maize, and sugar.
To combat an impending shortage in the nation that has driven up the price of the sweetener to Sh312 for a two-kilo packet, the government opened an import window in December that would allow traders to ship in 100,000 tonnes of sugar from outside the Common Market for Eastern and Southern Africa (Comesa).
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Kenya National Trading Corporation (KNTC) is now able to import an additional 200,000 tonnes of sugar duty-free thanks to government approval.
This suggests that Kenya will import at least 300,000 tonnes of sugar from the Comesa regional union by the end of the year.
The country is permitted to import 350,000 tonnes from other members, but in the previous year it only authorized 180,000 tonnes.
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