[Photo: Prevention]
The Competition Authority of Kenya is investigating traders over the recent hike in prices of commodities in the country.
The Authority says some traders might be taking advantage of the global events to increase the prices.
The Kenya National Bureau of Statistics says food inflation rose by 0.83 percent to 8.69 percent in February this year.
The rise was due to increased prices of commodities such as cooking oil.
However, the Competition Authority of Kenya says, it will carry out a survey on producers’ production costs and give recommendations on appropriate commodity prices.
This is as the Russian invasion of Ukraine is expected to add more pressure on food prices.
Russia accounts for almost a third of Kenya’s wheat imports, making it the country’s lead supplier.
Ukraine accounts for 94 percent of soya imports in Kenya.
Another external factor is that input costs for food production have gone up
This is as Kenya imports most of the raw materials for animal feeds manufacturing.
The raw materials include soya and sunflower, maize, wheat, rice and sorghum.
A newsmaker, reporter and anchor at Pearl Radio, Ndalilah Sharon is witty and savvy.
She is also a firm believer of Christ.