M a r k e t N e w s
Tea farmers earnings up 32pc to Sh84bn
Posted on : Wednesday, 7th September 2016
Tea farmers are set for improved earnings after sales for the year 2015/2016 jumped 32 per cent on higher production and a stable currency.
The farmers' marketing agency, Kenya Tea Development Agency (KTDA), has announced Sh84 billion in revenue this year, up from Sh63.5 billion last year.
The growers will earn Sh44 billion on average as the final payment, normally referred to as a bonus. A total of Sh17 billion has already been paid to farmers as an initial payment.
Announcing the results, KTDA managing director Lerionka Tiampati said this has been the best year in the history of the company.
“It has been a good year for us as KTDA and we are happy about the results that we have posted this year,” said Mr Tiampati.
Source : www.nation.co.ke
