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Smallholder tea farmers in Kenya are set for a record Sh44.15 billion final payout from next week for their supplies for the financial year ended June 30
Smallholder tea farmers in Kenya are set for a record Sh44.15 billion final payout from next week for their supplies for the financial year ended June 30. The Kenya Tea Development Agency (Holdings) Limited (KTDA) is expected to release the amount popularly known as a bonus to an estimated 600,000 farmers affiliated with its 54 factories over the next two weeks. This bonus will be paid alongside payments for green leaf supplied this month.
The bonus payout is expected to lift farmers’ total earnings for the year by 7.6% to an all-time high of Sh67.7 billion from Sh62.89 billion at the same time last year. The growth in earnings to farmers is largely attributable to improved tea prices in the international market where the average tea selling price was recorded at Sh341 per kilogramme(kg) in the period from Sh311 previously.
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Tea farmers are expected to earn an average of Sh59.02 for every kilo of green leaf sold from Sh50.18 last year– marking a 17.6% increase in the average total earnings per kilo.
