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Mumias Sugar huge demand
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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> Will mumias sugar survive if the comesa safeguards are lifted?
> What is the current mumia's cost of production of sugar per metric tonne?
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mwekez@ji wrote:> Will mumias sugar survive if the comesa safeguards are lifted?
> What is the current mumia's cost of production of sugar per metric tonne? @mweke Topic: MSC Boris Boyka Posted: Wednesday, April 30, 2014 3:03:02 PM www.standardmedia.co.ke/...-kenyan-s-sugar-industry Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Doing some back of the envelop calculation and finding mumias to be in worse ground than the dreadful state put in the article. Checked HY14 results where they sold 88,851 tonnes of sugar with cost of the sales at Kes. 5,641,980,000/- putting cost of a tonne at Kes. 63,499/-. That’s higher than the Kenya industry average of Kes 49,500 and far higher than the other Comesa countries’ production costs range of between Kes. 20,800 and Kes. 25,200. So, how can mumias cut its cost of production to a quarter what it is incurring now so that it can survive after comesa safeguards are lifted?
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mwekez@ji wrote:Doing some back of the envelop calculation and finding mumias to be in worse ground than the dreadful state put in the article. Checked HY14 results where they sold 88,851 tonnes of sugar with cost of the sales at Kes. 5,641,980,000/- putting cost of a tonne at Kes. 63,499/-. That’s higher than the Kenya industry average of Kes 49,500 and far higher than the other Comesa countries’ production costs range of between Kes. 20,800 and Kes. 25,200. So, how can mumias cut its cost of production to a quarter what it is incurring now so that it can survive after comesa safeguards are lifted? only a MIRACLE can work!!! not in near future.....untouchable "thitiiima" Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 5/15/2014 Posts: 12 Location: Nairobi
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Boris Boyka wrote:mwekez@ji wrote:Doing some back of the envelop calculation and finding mumias to be in worse ground than the dreadful state put in the article. Checked HY14 results where they sold 88,851 tonnes of sugar with cost of the sales at Kes. 5,641,980,000/- putting cost of a tonne at Kes. 63,499/-. That’s higher than the Kenya industry average of Kes 49,500 and far higher than the other Comesa countries’ production costs range of between Kes. 20,800 and Kes. 25,200. So, how can mumias cut its cost of production to a quarter what it is incurring now so that it can survive after comesa safeguards are lifted? only a MIRACLE can work!!! not in near future.....untouchable "thitiiima" Mumias Sugar making good steps; let's be positive  http://www.businessdaily.../-/m81claz/-/index.html
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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We will see...who was right..some guys may get really rich or at worst wait longer.
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Rank: New-farer Joined: 5/15/2014 Posts: 12 Location: Nairobi
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streetwise wrote:We will see...who was right..some guys may get really rich or at worst wait longer. http://www.google.com/ur...p;bvm=bv.69837884,d.ZWU
Lets wait and see
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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CuriosityMove wrote:I strongly believe Mumias has a bright future once they clean their house, an action they, hopefully, have begun by firing corrupt managers. CEO Dismissed, hope its the clean up that we've been waiting for. Just wondering why I have not seen the story from the local media. http://www.businessweek....-of-unauthorized-imports If you don't want to go to plan B have a good plan A.
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Rank: Chief Joined: 1/3/2007 Posts: 18,363 Location: Nairobi
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Mucene wrote:[quote=CuriosityMove]I strongly believe Mumias has a bright future once they clean their house, an action they, hopefully, have begun by firing corrupt managers. CEO Dismissed, hope its the clean up that we've been waiting for. Just wondering why I have not seen the story from the local media. http://www.businessweek....of-unauthorized-imports[/quote] You would have if you would buy a newspaper once in a while. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 932
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Does anyone know when this KPMG report is coming out? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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