Millers oppose fixed, controlled unga price - News Summed Up

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Millers oppose fixed, controlled unga price

Yesterday, Cereal Millers Association CEO Paloma Fernades said the government should let market forces to regulate the retail price. Read:Reduce unga prices to Sh75, millers told“Price fixing is bad for the industry. President Uhuru Kenyatta had urged millers to reduce the price to Sh75. He spoke after Nairobi governor Mike Sonko warned that the county would withdraw licences for retailers selling above Sh75. Yesterday, Tegemeo Institute director Milton Ayieko said price control and fixing can distort the market and raise the consumer price.

Source: The Star October 11, 2018 20:41 UTC