Processors fail to exhaust powder milk import quota
Dairies cite high cost of the commodity in the international market. FILE PHOTO | NMG
What you need to know:
Milk processors cited high cost of the commodity in the international market for failure to meet the import quota despite the extension of the initial deadline.
A tonne of powdered milk is now retailing at Sh297,258 at the international market up from Sh283,765 in December.
By the end of the year, processors had only managed to bring in 5,000 tonnes out of 9,000 tonnes.
Processors failed to import 44 per cent of the allocated quota of powdered milk as the deadline for shipping in the duty-free product ended last year.
Milk processors cited high cost of the commodity in the international market for failure to meet the import quota despite the extension of the initial deadline.
