{"id":78193,"date":"2022-05-31T17:10:18","date_gmt":"2022-05-31T14:10:18","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=78193"},"modified":"2022-05-31T17:10:18","modified_gmt":"2022-05-31T14:10:18","slug":"kenyatta-lauds-coffee-reforms-as-farmers-enjoy-high-payouts","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2022\/05\/kenyatta-lauds-coffee-reforms-as-farmers-enjoy-high-payouts\/","title":{"rendered":"Kenyatta lauds coffee reforms as farmers enjoy high payouts"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, May 31 &#8211; President Uhuru Kenyatta has lauded coffee reforms singling out the regulation which enabled a section of coffee unions to directly market their produce and thereby getting higher returns.<\/strong><\/p>\n<p>In 2016, a presidential task force spearheaded the formulation of a new legal and regulatory framework to govern the coffee subsector.<\/p>\n<p>Under new regulations, six coffee brokers received approval from the Capital Markets Authority (CMA) to market their own coffee.<\/p>\n<p>While reaffirming Kenya\u2019s commitment to creating a more sustainable coffee industry, the president noted that his administration has empowered coffee farmers to enjoy their property rights as coffee owners.<\/p>\n<p>\u201cOver the last three years we have eliminated the barriers created by an overly complex coffee industry structure that did not allow farmers to effectively participate in the coffee value chain and enjoy their proprietary rights,\u201d he said during the g25 African coffee summit.<\/p>\n<p>He singled out Kipkelion District Cooperatives Union which in March sold its coffee directly without going through brokers or taking to the auction and oversaw the sale of 134.4 tons of coffee to South Korea, earning over Ksh.103million.<\/p>\n<p>Nearly 1,000 coffee farmers allied to the society received payment of Sh116 per kilo after making its first direct\u00a0export to a South Korean buyer.<\/p>\n<p>\u201cOut of these reforms and the favourable international coffee prices, farmers are currently enjoying high payouts with some societies paying up to Ksh.125 per kg of cherry, this is an increase of about 50 percent as compared to the highest payout of about Ksh.85 in the previous year.\u201d Kenyatta lauded<\/p>\n<p>In 2019, the Kenyatta-led administration set up an Sh3 billion coffee cherry revolving fund which was among, others aimed at enabling farmers to improve their volumes of production.<\/p>\n<p>\u201cCoffee farmers are also able to enjoy subsidized farm inputs, including fertilizers; and affordable credit through the government supported programmes such as Ksh.1 Billion input subsidy programme and the Ksh.3 Billion cheery revolving fund,\u201d Kenyatta added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, May 31 &#8211; President Uhuru Kenyatta has lauded coffee reforms singling out the regulation which enabled a section of coffee unions to directly market their produce and thereby getting higher returns. In 2016, a presidential task force spearheaded the formulation of a new legal and regulatory framework to govern the coffee subsector. Under [&hellip;]<\/p>\n","protected":false},"author":14203,"featured_media":72874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[851,1,687],"tags":[1806,5444,5446,4838,5445,934,5447,5448],"coauthors":[909],"class_list":["post-78193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-kenya","category-top-stories","tag-capital-markets-authority","tag-coffee-cherry-revolving-fund","tag-coffee-cooperatives-in-kenya","tag-coffee-farming-in-kenya","tag-coffee-reforms-in-kenya","tag-featured","tag-g25-african-coffee-summit","tag-kipkelion-district-cooperatives-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenyatta lauds coffee reforms as farmers enjoy high payouts - Capital Business<\/title>\n<meta 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