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Sugar: Dakar announces a new increase

08/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The price of sugar has increased again. This announcement was made following a National Consumer Council held in Dakar on Friday, May 5, 2023.

Ahmadou Bamba Ndao, Director of Internal Trade, announced that the price increased from 575 F CFA to 650 F CFA, just a few months after the price of some essential foodstuffs fell. For him, this increase is justified by the international situation and believes that the high cost of sugar is preferable to its scarcity on the Senegalese market. However, the price of oil will soon fall. Due to the sharp rise in sugar prices, it should be noted that world food prices rose slightly in April for the first time in a year

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