The price of milk, a staple in many Kenyan households, is poised to rise significantly if the Finance Bill 2024 is enacted. This proposal introduces increased taxes on packaging materials, which stakeholders in the sector warn will translate into higher consumer prices.
From dairy farmer to final consumer, the ramifications of this move are multifaceted, impacting everyone within the supply chain and the broader economy. While farmers decry lower prices for their milk, and consumers cry foul of the inflationary shelf prices of milk and related products, it’s the dairy processors and packaging manufacturers that shoulder the burden of anti-business tax policies.
