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Press Statement Sugar Prices

MINISTRY OF TRADE, INDUSTRY AND COOPERATIVES

PRESS STATEMENT

I refer to the lead story “Cabinet Agrees to Cut Sugar Prices” which appeared in the Daily Monitor of Tuesday 28th November 2017.

As the sector Minister, I wish to categorically state that the story is inaccurate and I would wish to issue a disclaimer as follows;

1.    Government has not taken a decision to reduce taxes on imported sugar.
2.    Sugar prices have steadily reduced from average UGX 8,500 in May 2017, to currently UGX 4,500 with expectations to reduce even further
3.    Government has not taken any decision on importation of duty free sugar into the country
4.    Sugar millers have sufficient stock of sugar to meet domestic demand currently.

In this regard therefore, Government cannot import duty free sugar since we have enough stocks and prices are stabilizing steadily.  We therefore demand the Daily Monitor to withdraw this inaccurate story henceforth.

My Ministry will continue to monitor the sugar situation to ensure adequate supply and affordable prices for the citizenry.

Amelia Kyambadde (MP)
MINISTER

29th November 2017