Sharp Daily
No Result
View All Result
Friday, February 20, 2026
  • 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

What a TikTok ban would mean for Kenyans

February 19, 2026

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025

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

News

Kenya Raises USD 2.3 Bn Eurobond to Extend Debt Maturity and Ease Refinancing Pressure

February 20, 2026
News

Scent of distinction: Inside Kenya’s exploding perfume obsession

February 20, 2026
News

Unclaimed assets in Kenya surpass sh100 billion as recovery efforts lag

February 20, 2026
News

Shiriki Pay: A new chapter in Kenya’s mobile money story

February 19, 2026
News

Do Individuals Prioritize Wealth Creation or Retirement?

February 19, 2026
News

Understanding the Financial Action Task Force: Gains, Kenya’s Response, and What Comes Next

February 19, 2026

LATEST STORIES

Kenya Raises USD 2.3 Bn Eurobond to Extend Debt Maturity and Ease Refinancing Pressure

February 20, 2026

Ways regulators could promote fair competition in the age of Artificial Intelligence

February 20, 2026

Scent of distinction: Inside Kenya’s exploding perfume obsession

February 20, 2026

Why the NSSF Act of 2013 is a Transformative Milestone for Retirement Security in Kenya

February 20, 2026

Kenya’s imports growth outpaces exports growth again in 2025.

February 20, 2026

Varun Beverages plans major Kenya beverage plant by 2027 to expand soft drink production

February 20, 2026

Unclaimed assets in Kenya surpass sh100 billion as recovery efforts lag

February 20, 2026

Shiriki Pay: A new chapter in Kenya’s mobile money story

February 19, 2026
  • 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