Short-term gains of price controls outweighed in long term, say analysts

by IRIN | on Jun30 2010

NAIROBI – If a new bill seeking price controls on maize, wheat and other essential commodities is implemented, it may benefit the poor who have been priced out of food in the short term but is unsustainable in the long term, warn analysts. Kenya’s parliament recently passed the Price Controls (Essential Goods) Bill, which is awaiting presidential approval.

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