Ethiopia Sells Cooking Oil, Sugar to Correct ‘Market Failure’

Gadaa.com
Ethiopia’s government has begun selling some basic food items directly to consumers after imposing price controls that created shortages in the marketplace. Long lines are becoming a regular sight in Addis Ababa as people queue at government shops for sugar and edible oil.

Tesfanesh Zewde stood in line for more than an hour in the hot sun this week to buy a liter of cooking oil and two kilograms of sugar for her family.

Tesfanesh says she was forced to leave her office during work hours and queue at a government-operated fruit stand for items that until recently had been easily available in neighborhood shops.

Sugar, cooking oil and other items disappeared from store shelves in January, after Ethiopia imposed price ceilings on 18 basic commodities. The controls were ordered about the time food riots in Tunisia triggered the political unrest that spread across North Africa and the Middle East.

http://gadaa.com/oduu/8851/2011/04/15/ethiopia-sells-cooking-oil-sugar-to-correct-market-failure/

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