Sharp Daily
No Result
View All Result
Saturday, June 21, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ministry of Agriculture lifts one-year Macadamia export ban to stabilize prices

Huldah Matara by Huldah Matara
October 23, 2024
in News
Reading Time: 1 min read

Kenya has announced a ban on macadamia nut harvesting effective from November 2, 2024, until March 1, 2025. The decision, made by the Ministry of Agriculture, aims to stabilize market prices and improve quality after a period of significant price drops and oversupply. This follows a rapid assessment showing many local companies are unable to process immature nuts effectively.

In a press statement, Dr. Andrew Karanja, Cabinet Secretary of Agriculture, emphasized that “the move is designed to manage excess stock caused by global market conditions and address quality concerns.” This one-year export window was established after prices for macadamia nuts plummeted from an all-time high of KES 180 per kilogram in 2019 to KES 30-40 in 2023.

The Ministry’s new measures include lifting the one-year export ban on raw macadamia nuts, first imposed in November 2023, but only for processed macadamia kernels. “Exporting kernels is more beneficial than raw in-shell nuts for Kenya,” Dr. Karanja said. He also confirmed that farmers must sell their stock for a minimum price of KES 100 per kilogram, a measure designed to protect smallholders.

Dealers will have until November 15, 2024, to submit their documentation for stock inspection and clearance. The ban, according to Karanja, “ensures that the new harvests begin with quality nuts ready for processing,” helping Kenya maintain its competitive edge in the global market.

RELATEDPOSTS

Kakuzi warns of over 25% drop in 2024 net earnings amid avocado export challenges

November 27, 2024

Ministry of Agriculture opens tender for PR consultancy services

October 9, 2024

The Agriculture and Food Authority (AFA) has also been tasked with increasing inspection efforts to prevent illegal harvesting and exporting. The AFA will focus on enforcing compliance with the Crops Act of 2013 and removing unscrupulous dealers from the market.

Previous Post

DPP arraigns Taita Taveta officials for corruption and mismanagement

Next Post

Realigning your portfolio with lower interest rates

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025

HealthCare investment trends and insights

June 19, 2025

Saving vs Investing

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024