Relief to consumers as rice price to drop on waiver of 35 percent
By Gladys chepkemoi - 2022-12-19 11:03:10 - [General]
The cost of rice is expected to drop by 35 per cent starting February after the government abolishes the 35 per cent duty that is levied on the produce.
Kenya imports at least 80 per cent of rice consumed locally in order to fill the huge shortfall in production.
The Ministry of Agriculture says traders will be allowed to import at least 600,000 tonnes of rice duty-free between February and August next year.
“This duty waiver will cut the cost of rice by the same amount that millers pay as tax,” said Rajan Shah, chief executive officer of Capwell Industries.
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