Assessing Sugarcane Price Determinants In Kenya
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In Most developing and developed countries, sugar is an inevitable commodity needed for both human and industrial consumption. Its for this reason why many businesses have taken keen interest in playing with the supply and demand equilibrium of this vital commodity to maximize their profits. In businesses, Profits are generally maximized by minimizing costs to the lowest levels possible without necessarily considering who bears the most economic burden,but ensuring the business bears little burden. This is rampant in developing countries like Kenya where Sugarcane business has of recent turn t...
In Most developing and developed countries, sugar is an inevitable commodity needed for both human and industrial consumption. Its for this reason why many businesses have taken keen interest in playing with the supply and demand equilibrium of this vital commodity to maximize their profits. In businesses, Profits are generally maximized by minimizing costs to the lowest levels possible without necessarily considering who bears the most economic burden,but ensuring the business bears little burden. This is rampant in developing countries like Kenya where Sugarcane business has of recent turn to benefit businesses, and few politicians who import the commodity from countries with higher production advantage thereby killing the local industries and farmers at large.
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