Agriculture CS Peter Munya launches the Coffee Prices Stabilization Framework
Kenya’s Agriculture Cabinet Secretary Peter Munya on Wednesday, May 4, 2022, launched the Coffee Prices Stabilization Framework at a Nairobi Hotel.
The Framework seeks to address challenges in the Coffee Subsector in order to improve farmers’ earnings, improve foreign exchange, improve Food and Nutrition Security and create employment.
“In the last two decades, the subsector has encountered several challenges resulting in to drop in production; from 6kgs to 2kgs per tree. To stop the decline the government developed various interventions aimed at ensuring full recovery of the sub-sector,” said CS Munya.
Some of the reforms that have had a positive impact on the subsector are the establishment of; the Commodities Fund, Coffee Revitalization Programme, Cherry Advance Revolving Fund, and E-Voucher Subsidy Programme among others.
Meanwhile, 15,703 farmers from 16 counties have benefited from Ksh 2.7 Billion Cherry Revolving Fund whereby a total of Ksh. 177,836,478 has been disbursed under New Kenya Planters Cooperative Union.
Also, through the Ksh.1 billion Farm Inputs Subsidy Programme, out of 80,087 registered farmers, 59,000 farmers have already benefitted at a cost of Kshs 450 Million.
Munya said the coffee industry export earnings have improved by 33% between 2014 and 2021.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.