Fertilizer Prices To Hike Due To Russia-Ukraine War
The cost of fertilizer is bound to escalate to over Ksh.7,000 for a 50kg bag due to the ongoing tension between Russia and Ukraine.
According to Agriculture Cabinet Secretary Peter Munya, Kenya imports fertilizer from Russia and China and the Ukrainian invasion by Russia could affect the supplies globally.
“We get most of our fertilizer from Russia and China and this war may see the price of fertilizer hit Sh7,000 if there will be no subsidy in place,” Munya told Parliament on Tuesday.
CS Munya said the Ministry needs at least Ksh31.8 billion for the subsidy, adding that it will lower the cost of planting fertilizer (Diamonium Phosphate) to Ksh.2,800.
The Business Daily reported on Wednesday that the Parliament said it would allocate Ksh.3 billion in the supplementary bu...