Investment

Fair Prices Are A Path To Sustainability In Kenya’s Agricultural Sector

BY Soko Directory Team · December 20, 2024 09:12 am

Recent developments in Kenya’s agricultural sector, including wage increases and improved benefits for agricultural workers, mark a pivotal moment in the fight for equitable treatment of agricultural workers in Kenya. By increasing salaries and enhancing benefits for its workers, these advancements underscore the critical role fair pricing and wages play in supporting the backbone of Kenya’s economy—its agricultural sector.

Kenya’s agriculture industry employs nearly 70% of the rural population, yet many workers still face economic hardships, exacerbated by inflation and global market volatility. The improvements, facilitated through collective bargaining agreements with workers’ unions, guarantee a 9% salary increment for the lowest earners, raising their incomes to Ksh 47,000 in the factory and Ksh 39,000 on the farm.

While this is commendable, broader systemic changes are needed. While wage increments alone are a step in the right direction, they cannot address the root issues. Fair prices for commodities are essential to ensuring sustainable livelihoods for farmers and workers. Without equitable pricing, we perpetuate cycles of poverty and environmental degradation that harm us all.

Fair pricing doesn’t only benefit workers; it is a linchpin for the sustainability of supply chains. Global scrutiny of labor practices highlights the risks of neglecting fair labor standards. Companies that prioritize fair prices and ethical practices can avoid reputational damage while fostering resilient supply chains that benefit producers, consumers, and the environment.

Consumers, too, have a stake in the push for fairness. They must play a role to ensure that they are buying, tea, coffee, chocolates, or wine that are produced by an organisation that ensure farmers are getting fair prices for the commodities.

Some organizations such as Fairtrade Africa have launched initiatives such as their “Be Fair Right Now” campaign that calls on businesses, governments, and consumers to champion fairness at every stage of the supply chain. As the agricultural sector faces mounting challenges—from climate change to economic uncertainty – it’s clear that fair pricing isn’t just an ethical imperative; it’s a necessity for our shared future.

These initiatives are important in emphasizing the urgency of addressing disparities in the pay of essential workers. They also advocate for ethical business practices and highlight how fair pricing safeguards workers’ rights and promotes environmental stewardship.

Let consumers and businesses play a bigger role in ensuring farmers and others who feed us get fair prices for their work.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories

Government and Policy Understanding The Revised NTSA Traffic Offenses And Fines: A Guide For Safer Roads Steve Biko Wafula

Government and Policy TSC Releases New Requirements For Deployment Of P1 Teachers To Junior Secondary Getrude Mathayo

Market News Kenya Airways Resumes Trading At The NSE With A Bang, Price Ups 5.7% Standard Investment Bank

Investment Rendeavour Appoints New Board Chairman And Independent Directors Soko Directory Team

Headlines Why Health Insurance Is More Than A Policy—It’s A Promise Soko Directory Team

Investment Kenyans Felt The Pressure Of Higher Commodity Prices In December Soko Directory Team

Investment Rendeavour Appoints New Board Chairman And Independent Directors Soko Directory Team

Investment Carrefour Kenya Opens Its 27Th Outlet In Kenya At Rhapta Promenade Mall in Westlands Soko Directory Team

Investment Faulu Bank Enhances Six Product Classes To Support SMEs Soko Directory Team

Investment Diversifying Your Portfolio: The Benefits Of Investing In Real Estate Soko Directory Team

Explore Soko Directory

Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology

Soko Directory Archives

January 2025 (23)

March 2014 (2)

March 2013 (10)
June 2013 (1)