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Trade Minister Kyambadde Denies Gov’t Cutting Sugar Prices

Uganda’s Minister of Trade, Industry and Cooperatives, Amelia Kyambadde has disputed media reports that government has agreed to cut sugar prices.

This follows Daily Monitor’s story of Tuesday 28th November that read; “Cabinet agrees to cut sugar prices”.

Addressing the press on Wednesday at Uganda Media Centre, Kyambadde stated that: “Government has not taken any decision to reduce taxes on imported sugar.”

She noted that Sugar prices have steadily reduced from average Shs8500 in May 2017 to currently Shs4500 with expectations to reduce even further.

“Government has no intentions to import duty-free sugar following the continuous stability of sugar prices in the country,” Kyambadde said, adding: “My Ministry will continue to monitor the sugar situation to ensure adequate supply and affordable prices for the citizenry. We have a sugar Bill in Parliament which is due for enactment.”

 

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