This fee is based on the indicative Mastercard exchange rate on the day of the operation.
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This represents.2 percent increase in earnings for smallholder tea farmers.This is twice the amount payed to Ogembo farmers.The Standard has confirmed that some factories have finalised calculating the expected bonus payout, with indications confirming Mr Kanyagos statements.The average exchange rate of the dollar is Ksh102.05 this calendar year against Ksh92 same time last year, a 11 percent improvement.All the 34 highest paying factories are all situated in the central region.He explained that in the period under review, farmers affiliated to Gacharage delivered 13,775,856 kgs of green leaf.Also, following ongoing development projects that include expansion of factories and free spins no deposit sign up australia acquisition of parcels of land for the purpose of planting trees, we have retained Sh2 per kg of green leaf delivered to factories, he said.He asked farmers not to have high expectations on their bonus payments in October as the rates per kilo would likely be lower.The zone director, Nyaga Karua, said the figure had not yet been determined.More Articles From This Author.Even as we report that the revenues in the tea sector have increased, we must tell farmers that tea prices have been down since April and now in August the price is still very low, he said at the time.
Mombasa Tea Auction, many stakeholders are suspecting that Mombasa Tea Auction is involved in shady deals which are causing our farmers a lot of untold pain.
In comparison, the same amount of tea is sold at 8,539 in Hong Kong, 8,689 in Qatar and 11,190 in Belarus.
The stable Kenyan shilling against the dollar also boosted farmers earnings as tea exports are paid for in US dollars."We have not announced payment rates of bonuses or new monthly increments.Other tea factories such as Ngeere propose to pay Sh50.10, Ikumbi Sh47.20, Makomboki Sh48, Njunu Sh47.5, Gacharage.60 and Kiru Sh40.50.Ktdas total income increased to KSh84 billion revenue for smallholder tea farmers for the 2015/16 financial year, compared.5b earned in the 2014/15 financial year.If you have something to add to this article, please do so casino card games free 500 on the comments section.Please use the checkboxes below to opt-in.Payment for each factory will then be published in the national media, on the ktda website and official social media channels, it said.Tea growers will this year get a reduced bonus payment compared to last year.Most of these factories have taken loans from banks to help them expand their processing facilities due to increased tea production.Growers in Kericho and Bomet counties were the highest beneficiaries, taking home Sh12.2 billion.