The price of sugar has been increased by a wide margin just a week after the manufacturer, Tongaat Hulett announced new prices. On 16 September, the company announced the following prices:
- Brown Sugar 1kg – $11.95
- Brown Sugar 2kg – $23.90
- Brown Sugar 5kg – $59.75
- Brown Sugar 10kg – $119.50
- White Sugar 1kg – $12.58
- White Sugar 2kg – $25.16
- White Sugar 5kg – $62.90
- White Sugar 10kg – $125.80
For the past week, shops were adhering to these prices. In fact, OK supermarket was selling sugar at the old August prices, probably because they were still selling old stock and as we move into summer sugar sales are likely to go down.
This week’s sugar prices:
- OK supermarket $30.50
- TM/ Pick N Pay $28.99
- FoodWorld $30.40
- Choppies $30.40
- Mahommed Mussa $30.00
A survey done by Zim Price Check revealed that downtown retailers are selling it for strictly cash only, with 2kg of sugar being sold at $24 bond. Given the opportunity cost of obtaining cash in Zimbabwe, that translates to about $36.00 making them the most expensive.