THE STATE GIVES KCC SH900 MILLION TO KEEP MILK PRICES STABLE.
The money is given to KCC to purchase the milk to prevent prices from falling as a result of an excess supply. Consequently, starting on March 1, 2024, milk costs are predicted to increase from Sh45 to Sh50 per liter.
Deputy President Rigathi Gachagua said that the Kenya Cooperative Creameries (KCC) have received Sh900 million from the government.
Speaking in Trans Nzoia on Sunday, Gachagua stated that the goal of the action is to stabilize milk prices throughout the nation.
The money is given to KCC to purchase the milk to prevent prices from falling as a result of an excess supply.
Consequently, starting on March 1, 2024, milk costs are predicted to increase from Sh45 to Sh50 per liter.
In the upcoming months, the Deputy President stated, they hope to raise the rates to more than Sh60 per liter.
"We released Sh900 million as a government to stabilize the milk sector prices after a glut following the heavy rains," Gachagua stated.
According to the DP, "prices at KCC will increase from Sh45 per liter to Sh50 on March 1 and up to Sh60 in the upcoming months."
To increase their income, the DP encouraged dairy farmers to supply milk to the New KCC.
The DP also urged farmers in Trans Nzoia to plant more corn on their land.
He mentioned that sufficient subsidized fertilizer, available for purchase at Sh2,500 for a 50kg bag, has been released by the government.
"Trans Nzoia County is critical to the food security of our nation. This is where you can easily find the subsidized fertilizer," Gachagua stated.
"We express our gratitude to Governor George Natembeya for guaranteeing the final fertilizer distribution," he uttered.
He advised the farmers to save some of their production for domestic use and discouraged them from selling their entire crop.
This occurred just two weeks after President William Ruto admitted that the farm industry has encountered numerous difficulties.
Ruto reaffirmed the government's intention to simplify the industry.
He mentioned, for example, that the problems endangering KCC's operations had been fixed, and that starting on March 1, farmers will get higher payment rates.
"Farmers who are important are paid Sh30 per liter, consumers pay Sh120 for the same in shops; this mathematics is not making sense," Ruto stated.
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