K6 million for coffee growers

Business

A K6 MILLION price support funds for coffee farmers would be paid directly to growers via existing buying points in districts and provinces, according to Coffee Industry Corporation (CIC).
Acting chief executive officer Charles Dambui said there have been queries regarding the K20 million allocated funding for price support by the Government to respective commodity boards.
In the recent launch of the agriculture medium term plan (2020-2022), heads of commodity boards received their share of the K20mil price stabilisation fund.
CIC received K6mil from the K20mil funding and this would be put towards assisting organised grower groups.
Dambui said the support will be driven through cooperatives, grower groups and aggregates (partnerships) as a requirement stipulated in the national coffee development roadmap 2020-2030 and CIC strategic business plan 2020-2024.
“The price assistance on prevailing coffee price is a strategic government support to re-ignite the interest of coffee growers to increase production and consistently produce quality coffee that fetches premium prices,” he said.