Dollar rate

Deputy President Gachagua Urges KTDA to Enhance Farmers' Earnings Amidst Dollar Rate Concerns

DP Gachagua discusses with KTDA officials to address farmer complaints

In a recent meeting at the Official Residence in Karen, Deputy President Gachagua had a crucial discussion with senior officials from the Kenya Tea Development Agency (KTDA) regarding the pressing issue of farmers' earnings amidst the fluctuating dollar rate. The meeting was prompted by ongoing complaints from farmers who expressed their concerns over the need for fair compensation given the currency exchange challenges affecting their revenues.

During the meeting, DP Gachagua emphasized the importance of ensuring that farmers' earnings accurately reflect the current economic conditions, particularly the impact of the dollar rate on the tea industry. He urged KTDA to implement strategies that would safeguard the financial interests of farmers, emphasizing the significance of fair pricing mechanisms to mitigate the adverse effects of currency fluctuations.

In response to the farmers' grievances, KTDA officials assured the Deputy President of their commitment to addressing the issue promptly. They discussed potential measures to enhance transparency in revenue distribution and to streamline processes that would enable farmers to receive equitable returns for their produce despite the challenging economic environment.

The dialogue between DP Gachagua and KTDA officials signifies a collaborative effort to prioritize the welfare of tea farmers and uphold the sustainability of the tea sector amidst external economic challenges. By engaging in constructive discussions and seeking practical solutions, both parties aim to foster a conducive environment that supports the livelihoods of farmers and promotes the growth of the tea industry in Kenya.