Price of Sugar Will Be Increased

This fee is intended to fund the pensions of former Dockers Bulk Sugar Terminal. Rising of the levy announced in the press release of the Council of Ministers of Friday, March 7, is explained by the increase in pension paid dockers this year which is "indexed to the cost of living," says Vinod Boyjonauth, director of the Mauritius Cane Industry Authority. This tax therefore experience steady increases.

The importer Vishal Jusrut, director Meerah and Co. Ltd, it is the consumer who will be the loser. "That the tax goes to Rs 3.70 poses no big problem to me. Except I'm going to spend it to the consumer, " he said. 

Anand Ajodha, director of Funny Traders, another importer adds that it could play in favor of the Union of sugars. It sells its sugar to baggers to Rs 20.90 per kg. With the current levy of Rs 2.70, the price of imported sugar rightful 5% cheaper than the Union. But if the levy passes Rs 3.70 bag of 50 kg will cost Rs 80 more expensive to import compared to the price of the Union.

Pension for dockers cost before around Rs 90 million per year. Entirely financed by the levy amount passed on to consumers. At Rs 3.70, the amount collected over a year should be around Rs 125.8 million.