';
×
× Digital News Videos Opinions Cartoons Education E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×
An aerial view of Sony Sugar Company. [File, Standard]
The cash-trapped Sony Sugar Company says it has lost Sh2.3 billion invested in cane development due to cane poaching.

The money was advanced to farmers in the form of loans and was to be recovered from their deliveries to the miller.

But according to Managing Director James Oluoch, the recovery process has become untenable, with a majority of its contracted farmers choosing to deliver their cane elsewhere.

He said they had taken up the matter with the Sugar Directorate in a bid to recover the money. “We have also reported the matter to the office of the Attorney General and the Ministry of Agriculture. They are, however, yet to take action,’’ said Mr Oluoch in an interview.

He said the firm had invested heavily in the cane development initiative to ensure adequate and sustained supply of the raw material.  Kenya National Federation of Sugarcane Farmers Migori Branch Secretary Argwings Adongo said farmers had opted to sell their cane to rival millers due to delayed payments.

“This is because while the cane is to be harvested after 18 months, it sometimes took more than a year,’’ he said.

Covid 19 Time Series

 


Sony Sugar Company Cane poaching Sugar woes
Share this story

THE STANDARD INSIDER

Read More

Feedback