International News Round Up

Farmers in nepal have set up co-operative tea mills in response to the low prices offered by big tea factories and to gain access to the market.

The Central Tea Cooperative Association says the 11 small tea mills and two tea factories set up by co-ops process 500-1,000kg of tea daily.

One such factory was set up by 136 farmers of the Kanyam Tea Producers’ Cooperative, who invested 8.02m Nepalese rupees (£50,000) in the business and received another Rs 3m (£19,000) from the National Cooperative Bank.

With this factory, which only processes tea produced by members, they aim to address the issue of price volatility.

They now receive Rs 30 (19p) per kg – instead of the Rs 20 (13p) they used to receive from big mills.

Read the full article at Co-operative News

 

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