Tea farmers earnings increase by 25pc
NAIROBI, Kenya, Sep 9 – Earnings by small holder tea farmers under the Kenya Tea Development Agency (KTDA) have increased by 25 percent for the period ended June 2013, with huge volumes of tea delivered to tea factories. The small holder tea farmers delivered approximately 1.1 billion kilogrammes of green leaf to the 66 factories managed factories by KTDA against 907 million kilogrammes over the same period last year. The high volume of tea produced was occasioned by sufficient rainfall for most parts of last year.
Despite this, the rate payable to farmers per kilogramme of made tea per factory is projected to drop by about 10 percent in the 2012/13 financial year. This is because the global tea market for Black CTC (Crush, Tear, Curl ) teas was generally depressed, driven by high volumes and volatile market dynamics.
The exchange rates, though stable at a mean rate of about Sh85 (compared to mean of Sh89 in last financial) to the dollar, also impacted negatively on the total revenues earned from the sale of tea. KTDA (Holdings) Chief Executive Officer Lerionka Tiampati said the small scale tea sub-sector has also been adversely affected by the high cost of energy, labour and production.... Read the full, comprehensive news article and discuss at CapitalFMSimilar Stories