State plans rescue of dairy industry
Dairy farmers may have a reason to smile soon as the government prepares to announce a rescue plan to end the current milk glut.
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Agriculture minister William Ruto said the rescue package was mooted at a crisis meeting of officials from the ministries of Agriculture, Livestock, and Cooperative Development to ensure that farmers do not incur any more losses.
Milk supply has in the past few weeks outstripped the demand by processors and other dairy industries. It has also emerged that Livestock minister Abdi Kuti had floated a proposal to the Treasury for Sh300 million to buy excess milk from farmers.
“We have had significant consultations with the three ministries to ensure that the dairy industry remains stable,” said Mr Ruto.
“We are going to announce measures that we will take to ensure that farmers do not incur any further losses,” he added. The news comes at a time when farmers are counting their losses with the processors turning away their produce and cutting milk prices.