Kinyara Sugar Limited (KSL) will pay cash top-ups totaling Shs 17 billion to contracted sugarcane farmers who supplied cane during the 2024/2025 financial year.
The decision followed a joint resolution between KSL management and the Board of Masindi Sugarcane Growers Association Limited (MSGAL) on June 25, 2025.
In a joint statement released Monday, both parties confirmed the final cane price for the 2024/25 season at Shs 131,500 per metric ton, compared to earlier interim payments of Shs 108,000, Shs 116,500, and Shs 122,500. Farmers will now receive top-ups of Shs 23,500, Shs 15,000, and Shs 9,000 respectively, to match the final price.
“This arrangement ensures fairness for all farmers. All who supplied cane between July 1, 2024, and June 30, 2025, will be paid uniformly,” said KSL’s Public Relations Officer, Francis Mugerwa.
Mugerwa emphasized KSL’s unique pricing model, where interim prices are set jointly with the growers’ association and revised at the end of the financial year based on market conditions.
The interim cane price for the 2025/2026 season has been set at Shs 128,000 per metric ton and will be reviewed if market conditions shift.
MSGAL Board Chairperson Robert Atugonza hailed the continued collaboration between farmers and KSL, encouraging farmers to keep supplying cane confidently, knowing that price adjustments will be made fairly.
Masindi RDC Darius Nandinda also applauded the peaceful negotiations, saying such partnerships foster social and economic development in the region.
Kinyara Sugar Ltd, which crushes around 6,000 tons of cane daily, sources over 60% of its sugarcane from its 7,500 registered out-growers. The Shs 17 billion in top-ups is expected to be disbursed within 40 days.