Business & Financial News

Consumers to pay more for milk

The Kenya Dairy Board (KDB) said last week the formal market had dropped five percent in the last three months as effects of dry weather continue to be felt in different parts of the country. The KDB indicates that milk to processors has declined from 56 million kilos in January to 54 million kilos in February before settling at 53 million kilos last month

Consumers will pay Sh5 more for the half-litre packet which is currently retailing at Sh55 from Sh50, this is after milk processors increased consumer price of long-life milk by Sh5 for a 500ml packet, citing shortage of the commodity in the market.

“We have adjusted the price of long life milk because of the scarcity that we are facing,” says New KCC managing director Nixon Sigey. This is the first time that the price of the commodity has hit Sh55 in the last two years.

Milk production in the country has been affected by a prolonged dry spell with the rains yet to hit the ground. Last week the Weather-man said that this season’s rains could be short-lived.

The Kenya Dairy Board (KDB) said last week the formal market had dropped five percent in the last three months as effects of dry weather continue to be felt in different parts of the country. The KDB indicates that milk to processors has declined from 56 million kilos in January to 54 million kilos in February before settling at 53 million kilos last month.

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