Ugandan workers to lose jobs as Cane shortage hikes Sugar prices | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
21 February 2018 00:00:00 AM Breaking News

• GENERAL

Ugandan workers to lose jobs as Cane shortage hikes Sugar prices

Sugar producers in Uganda have blamed the sharp increase in the prices of the commodity on sugarcane shortages that have more than doubled the cost of the raw material compared to what it used to be paid for seven months ago.

The chairman of the Uganda Sugar Technologies Association (UTSA), Mwine Jim Kabeho, told Daily Monitor in a telephone interview on Tuesday that the price of sugarcane has risen from Shs80,000 per tonne in October/November last year to Shs175,000 per tonne this year.

Image result for Ugandan workers to lose jobs as Cane shortage hikes Sugar prices


“The cost of production went high so the producers had to adjust the prices of the commodity accordingly,” he said.

Sugar prices have been on the rise since last year. The price of the commodity shot up from Shs3,500 to Shs5,000 per kilogramme in December last year, which was blamed on Christmas.

But the price had by early this week hit the Shs7,000 mark, the highest amount that sugar has cost in seven years.

Kirunda Magoola, the corporate communications manager of Kinyara Sugar Limited, Uganda’s second biggest sugar producer with production capacity of 120,000 tonnes per day, says that the shortages have not affected the firm since President Museveni banned the transportation of sugarcane from Bunyoro.

Recommended

Loading...

Related Posts

15 Reasons Why a Majority of Men Find it Difficult to Handle a Strong Woman

Women, as against the general perception, are not vulnerable; it is the patriarc

Read More

HISTORY TODAY

1935 Lawrence of Arabia diesAmerican Revolution1795 New Hampshire Patr

Read More

Data Visualization Is Key To Analyzing Unstructured Data

Data visualization has evolved dramatically in recent years, with organizations

Read More

Touch 2017 Billionaires List: Meet The Richest People On The Planet

It was a record year for the richest people on earth, as the number of bil

Read More

NASA Is Ready To Give You $30000 If You Take This Awkward Challenge

When discussing NASA and especially its problems, we know that the ordinary

Read More

CBN Update On Loans To Farmers on Anchor Borrowers’ Programme

Contrary to insinuations about the unwillingness of farmers to pay up their lo

Read More

Nigeria's Secret Police Arrests 5 ISIS-Affiliated Boko Haram Members Planning To Attack British, US Embassies

The Department of State Services (DSS) has announced the arrest of five Islamic

Read More

20 most iconic cars from

1995 Mitsubishi Eclipse (The Fast and the Furious)2 We meet Paul Walker's char

Read More

Ex-Lawmaker Bags 14 Years In Jail For Taking Bribe

A former Senior legislator in northeast China’s Heilongjiang Province w

Read More

This is what fraud looks like in the age of Artificial Intelligence

You’re summoned to court where a ton of evidence including phones calls,

Read More

Also Read

Patience Jonathan: Firms seek to overturn money laundering conviction

Four companies which were convicted for laundering $15.591million allegedly be

Read More

Hyundai Motors Nigeria unveils grand savings bonanza

Hyundai Motors Nigeria unveils grand savings bonanza

Read More

Why I want to be Lagos Island LG chair – Ojora

Apparently disturbed by the lackluster developments in the Lagos Island local go

Read More

Kenya police have not gathered evidence on Gallmann shooting – sources

Kenyan police have yet to take witness statements or gather ballistic evidence f

Read More

After years and hundreds of suicides off the Golden Gate Bridge, a new net could save lives

The Golden Gate Bridge is among the most photographed bridges in the world,&nb

Read More

CBN Update On Loans To Farmers on Anchor Borrowers’ Programme

Contrary to insinuations about the unwillingness of farmers to pay up their lo

Read More

Is The US President Donald Trump Planning To Trigger World War III?

The United States President Donald Trump is the most controversial President

Read More

10 things we didn't know last week

10 things we didn't know last weekImage copyrightGETTY IMAGES1. Serena Williams

Read More

19 Pictures Of Grown-Up Puppies That Will Make You Literally Cry

1. This fella who still sits at that same spot in the backyard.2. And this noble

Read More

Whole-body vibration may be as effective as regular exercise

A less strenuous form of exercise known as whole-body vibration (WBV) can mimic

Read More