EDITORIAL: Traders exploiting scarcity - News Summed Up

EDITORIAL: Traders exploiting scarcity


By EDITORIALMore by this AuthorThe warning to traders that they risk a Sh1 million fine for selling the government-subsidised maize flour at more than the recommended Sh90 per two-kilogramme packet is a manifestation of a desperate market situation. The only trouble is that it could drive the crooked dealers underground and make it even more difficult for would-be customers to get this basic commodity. Maize flour is a perishable commodity. It is, therefore, unlikely that those who might have taken to hoarding it can keep it much longer to profit from the shortage. PRICE CONTROLIn other areas, the maize flour has been made available, but at a much higher price.


Source: Daily Nation May 29, 2017 19:35 UTC



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