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Sugar farmers to earn interest on delayed harvest

Agriculture Fisheries and Food Authority (AFFA) director-general Alfred Busolo. PHOTO | FILE

Sugar millers will pay cane farmers monthly for delays in harvesting their crop in a shift that will put pressure on the loss-making factories.

The agriculture regulator said millers will be expected to pay a monthly interest penalty — equivalent to the prevailing bank lending rate of 18 per cent —on the value of the crop after 24 months.

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