Business Lifestyle

Ovacado Prices To Go Up

Loading...

Kenyans should brace for high cost of avocado starting mid-this month as the regulator moves to impose a ban on harvesting of the crop. The ban planned by the Directorate of Horticulture is aimed at protecting the immature crop from the current rush by traders seeking to capitalise on high prices of the commodity the international market.

Image result for avocado"

A four-kilogramme packet has so far shot up 200 per cent to Sh600, up from Sh200 in March as buyers scramble for limited supply.

“We have agreed with the regulator that we close harvesting of the crop on November 15 to protect our international market from unscrupulous traders who would want to harvest the immature crop for sale,” said Ernest Muthomi, chairperson of the Avocado Society of Kenya.

Mr Muthomi said the ban on harvesting of Fuerte variety will be lifted in February 15 followed by Hass on March 15. Kenya’s avocado market in the Middle-East was hit last year following the export of low-quality crop. The price in Dubai dropped by almost half in March 2018 as immature crop hit the value.

Loading...

Image result for avocado"

The Directorate of Horticulture indicated that the price of a unit of avocado dropped from 35 dirhams (Sh945) previously to 16 dirhams (Sh432) in March.

Mr Muthomi said Kenyan avocados fetch Sh200 less at the international market when they fail to meet the required fat content due to early harvesting. Foreign investors have been financing the avocado sub-sector in Kenya because of its low-risk investment environment, wide market access, and improved infrastructure.

The Netherlands Trust Fund launched a $1 million project in 2016 to enhance the export competitiveness of the avocado sector in Kenya. The project’s strategy includes updating the commodity business plan for the avocado subsector and increasing the export capacity of exporting SMEs and farmer groups linking them to international buyers.


There's no story that cannot be told. We cover the stories that others don't want to be told, we bring you all the news you need. If you have tips, exposes or any story you need to be told bluntly and all queries write to us [email protected] also find us on Telegram
Loading...

Related posts

Netflix launches free plan in Kenya to boost growth

nairobi-exposed

Why Nairobians Never Post Their Partners On Social Media

nairobi-exposed

How Radio Stations Are Luring Elderly Parents Into The Cesspit Of Gambling

nairobi-exposed

Kenya Ranked Top African Avocado Exporter To China

Nairobi Guru

Scangroup’s probe clears ex-CEO Bharat Thakrar

nairobi-exposed

KRA To Auction 314 Cars Held In Mombasa Over Tax Dues

nairobi-exposed

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More