Sharp Daily
No Result
View All Result
Wednesday, June 4, 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

MPC Survey Highlights Improvements in Subsidized Fertilizer Distribution Amidst Farmer Concerns

Joel Mugonyi by Joel Mugonyi
August 17, 2023
in News
Reading Time: 2 mins read

Respondents participating in the Monetary Policy Committee (MPC) Survey have noted positive developments in the registration and distribution processes of subsidized fertilizers, citing the convenience brought about by automation. However, a subset of farmers has expressed reservations about the Ministry of Agriculture’s practice of using the North Rift season as a benchmark for allocating subsidized planting and top-dressing fertilizers. These farmers argue that regional variations in planting and harvesting schedules should be taken into consideration.

Others have highlighted a limitation in the use of subsidized fertilizers due to inadequate access to a consistent water supply for irrigation during the low rainy season, particularly given their reliance on rainwater.

Looking ahead to August, the Central Bank of Kenya (CBK) survey predicts that retail prices for cereals, grains, and related products will likely decrease or remain steady. A majority of respondents anticipate a decline in prices for cereals and grains. Furthermore, the onset of harvest from regions such as the lower Eastern, Western, and South Rift areas is expected to lead to lowered prices for beans, maize, and green grams.

Read more: CBK’s 2023 Economic Growth Outlook

RELATEDPOSTS

What pension fund managers should consider in the loosening monetary policy environment

October 16, 2024

Auditor General flags 564 tonnes shortfall in NCPB’s Russian fertilizer delivery

July 2, 2024

The survey also indicates that vegetable prices are projected to continue dropping in August, albeit at a slower rate, due to increased supply resulting from the abundant growth during the long rainy season. On the other hand, prices for sugar and cooking oil/fat are anticipated to remain high or even increase due to reduced cane harvests and deliveries and elevated import costs amidst drastically depreciating Kenyan currency against global trading currencies such as the United States Dollar (USD).

In the program’s initial phase, approximately 2.2 mn registered farmers are set to benefit. The subsidized fertilizer, now priced at Kshs 3,500 per 50 kilogrammes (kg) bag down from Kshs 6,000, is being transported to National Cereals and Produce Boards (NCPB) and distributed across target counties, as the supply chain will be to local wards and locations through community cooperatives formed by farmers.

This initiative is a collaborative effort under a multi-sectoral framework involving ministries such as Agriculture and Livestock Development; Interior and National Administration; Investments, Trade, and Industry; The National Treasury and Economic Planning; Co-operatives, Micro, and Small and Medium Enterprises Development.

The government’s digitised distribution of subsidized fertilizer is strictly tied to an e-voucher system that ensures accountability and traceability for the distributed fertilizers. Through this, the government has ensured that only registered farmers are eligible to receive the subsidy, enhancing transparency in the process.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya’s National Treasury Launches Budget Process Amidst Controversy and Public Engagement

Next Post

East African Community Makes Strides in Trade Integration and Barrier Removal

Joel Mugonyi

Joel Mugonyi

Related Posts

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
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

How Kenyan banks can modernize without marginalizing

June 4, 2025

Human rights concerns over activists’ treatment in Tanzania

June 4, 2025

Decoding stock-based compensation

June 4, 2025

Comparative advantage is the secret to real economic take off

June 4, 2025

Understanding inflation and its impact on everyday life

June 4, 2025

Economic reforms are costly

June 3, 2025

Cytonn Income Drawdown Fund (CIDDF)

June 3, 2025

Navigating the money market and fixed income funds landscape

June 3, 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