‘Sugar prices won’t stabilize until end April’-Illovo

Sugar price won’t stabilize any time soon, at least until end April, when Illovo, the country’s major sugar producer, is to resume production.

Lekani Katandula Illovo Sugar Managing Director has revealed this in an interview with the press.

According to Katandula, the company’s factories are still undergoing annual maintenance, part from its fields still waiting for the company to carry out any operation.

Christopher Mbukwa economic expert has challenged the ministry of trade to devise proper measures for stabilising steady sugar prices in the country.

Recently government moved in to allow more sugar importation in the country as well as revoking licenses to wholesalers found selling sugar beyond its recommended princes, the development has yet to bear the intended results.

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