New KCC offices. [Photo/Nation]
New Kenya Cooperative Creameries (KCC) has reduced shelf price of milk after cutting cost of factory deliveries.
This is due to increased supply from farms.
The State-owned processor’s 200ml packet will now retail at Sh23 from Sh26 with the half litre (fino) now selling at Sh47 down from Sh50 last month.
New KCC managing director Nixon Sigey said there has been a significant increase in supply countrywide.
“Demand and supply factor is the main reason why the cost of milk has come down in the recent days, we are getting enough milk from farmers at the moment,” he said.
The firm has reviewed producer price with a litre of milk going for Sh35 down from Sh38.
Mr Sigey said the current prices will prevail for a while, but might change depending on the weather in January.
“We foresee these prices remaining at the same level, but there could be a change depending on the weather early next year,” he said.