:. Food Industry News


Kenya Releases $4.8 Million Owed to Coffee Farmers

Source: Reuters
21/12/2007

Nairobi, Dec. 21 - The Kenyan government said it has released 300 million shillings ($4.8 million) it owes coffee farmers via the national Coffee Board of Kenya.

Daily News Alerts

Kenya's coffee sector, which at one point produced its highest ever output of 130,000 tonnes in the 1987/88 crop year, has been recovering in the past four years following reforms to reverse almost 20 years of decay.

Among impediments farmers had faced were huge debts -- some owed by the state coffee board, others due to borrowing at times of poor earnings and high production costs.

"Coffee farmers are hereby advised that the Board has received the first tranche of 300 shillings from government to settle part of ... outstanding payments," the Ministry of Agriculture said in a statement late on Thursday.

Since coming to power in late 2002, President Mwai Kibaki's government has written off a 5.3 billion shilling debt owed by cooperative societies and launched plans to provide 3.5 billion shillings for credit to buy farm equipment or inputs.

While not a big producer, Kenya is renowned worldwide for its high quality arabica coffee grown mostly around Mount Kenya and favoured by roasters who blend it with beans from other origins.

($1=62.45 Kenyan Shilling)



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Kenya Coffee Prices Fall Despite Strong Demand
Kenya Aims to More Than Double Coffee Output by 2012
Kenya Sees 60,000 T Coffee Crop in 2008/09
Kenya Sees Boost for Farm Exports to Japan
Kenya Coffee Output Seen up 38 Pct in 2008/09
Kenya Coffee Output, Earnings up in 06/07
Kenya Coffee Largely Unaffected by Chaos
Kenya Violence Disrupts Coffee Trade, Auction Postponed...
Kenyan Coffee Farmers Urged to Plant Disease-Resistant...
Kenya 07/08 Coffee Crop Could Be 30 pct Lower

More in Food Industry News
Bonduelle Completes Purchase of Belgian Canned Vegetable...
San Miguel Ordered to Pay Rival Brewery US$2.7 Million...
Colombia: Coffee Production and Exports Forecast to...
Ebro, British Sugar in Sugar Unit Talks - Source
UAE New Melamine Certification Requirements for Dairy...
Indonesia Says Aims to Export Sugar in 2009
EU Agrees Deal on Reforming Farm Policy to 2013
India Tea Exports to Cross 200 Million Kg in FY2009...
Ivorian Cocoa Crop Seen Down at 1 Million Tonnes
Gates' Fund Raises Stakes in Mexico Drinks Companies...

Top Headlines
Bonduelle Completes Purchase of Belgian Canned Vegetable...
Beverages Comprising a Rice Extract, Derivatives Thereof,...
Enzyme Preparations Yielding a Clean Taste
Co-Precipitated Carrageenan/Xanthan Gum Compositions...
Composition Comprising Licorice Polyphenol
Ivorian Cocoa Crop Seen Down at 1 Million Tonnes
San Miguel Ordered to Pay Rival Brewery US$2.7 Million...
Ebro, British Sugar in Sugar Unit Talks - Source
Colombia: Coffee Production and Exports Forecast to...
UAE New Melamine Certification Requirements for Dairy...
Indonesia Says Aims to Export Sugar in 2009
EU Agrees Deal on Reforming Farm Policy to 2013
India Tea Exports to Cross 200 Million Kg in FY2009...
Gates' Fund Raises Stakes in Mexico Drinks Companies...
Lance Named Lead Bidder for 2 Bankrupt Snack Food Companies
Blue Diamond Says Confidence is Key to Future Market...
Ahold Earnings Q3 2008; Operating income Up 10%; Net...
Frutarom Continues to Implement its Rapid Growth Strategy
Fast-Food Advertising Ban Could Cut Child Obesity -...
Sara Lee to Close and Sell Plant, Cut 185 Jobs
Bunge CFO Says Company in 'Comfortable Position' Regarding...
Itochu to Invest $710 Mln in Ting Hsin
Canada: Metro Inc's Profit Rises Despite Flat Sales
New Brazilian Bunge Sugarcane Mill Operational in May
Sime Enters China's Palm Oil Refinery Business
Dutch Private Label Beverage Maker Refresco Sees Expansion...
Fat Replacer for Bakery and Patisserie Applications
Nutrition Containing Fat Blend


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228