Business / News
Monday, 24 Oct 2016 19:34 EAT
South Nyanza Sugar Company (Sony Sugar) which is based in Sare, Migori County has increased the price of a tonne of sugar from Sh3,570 to Sh3,800 which effective 21st October. The increase comes barely after three months since Sony increased the prices from Sh3,200 to Sh3,570 per tonne from July 1.
A statement released by the chairman of the Board of Management Ambrose Weda said the price increase was to ensure that farmers are well compensated for their crop following the recent increase in milled sugar prices.
“Arising from the prevailing favourable sugar prices, Sony Sugar Board of Directors for the second time has increased the price of cane per ton from Sh3,570 to Sh3,800 effective 21/10/2016. We are up-to-date on payments to farmers and are working on a programme to pay for cane on delivery,” Mr Weda said in a statement he posted on Facebook.
The company which serves about 25,000 cane farmers has been experiencing lean times with a section of farmers calling on President Uhuru Kenyatta to disband the current Board of Management, alleging it was misappropriating the company’s finances and bringing the company down.
The farmers have further complained over the crushing rate of the company’s mill saying it was slow and yet the Board seemed relaxed. They got backing from Omollo Odindo who is the Secretary General for Federation of Sugarcane Farmers Awendo branch who blamed the current Board for having poor working relationship with the farmers.
Mr Weda’s statement, however, implies that the problems have been addressed.
The writer is the news editor of the Kenya Free Press