KBL profits drop 23%, volumes down 29%
Friday, April 02, 2021
Alcohol was sold for just 183 days out of a total possible 286 days between March 21, 2020, and December 31, 2020, while the year 2021 has seen 56 days without any sales. Government and its advisors say alcohol gatherings are a major spreader of the virus.
The impact of the sales interruptions on KBL were clear with the alcohol producer reporting that its sales volumes fell from 1.54 million hectolitres in 2019 to 1.1 million hectolitres in 2020. The difference between the two figures is about 44 million litres.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...