By Charles Coldman | Director
The cost of delivering our school feeding programme has dropped by 50% since the start of the year thanks, in part, to falling food prices as heavy and sustained rains throughout the end of 2023 and early 2024 broke a long drought.
At the start of the year it was costing us nearly £300 a day to provide food to our eight partner schools for lunchtime meals for their circa 3,000 pupils but this figure has now fallen to around £200 as a result of beneficial exchange rates and reductions in the price of maize and beans of 24% and 30% respectively.
The cost of rice, a largely imported commodity, remains stubbornly high due to increased shipping costs and a weak Kenyan shilling against the dollar.
When compared to prices a year ago the drops are even more stark: 40% for maize and 53% for beans.
There has never been any thought of reducing the amount of food we supply to schools and reducing portion sizes or the number of days on which lunch is served thanks to careful and prudent management of our funds over the last few years. However it is nevertheless a relief that the cost of the programme is falling back towards 'normal' pre-drought levels.
We hope this trend continues over the remainder of 2024 and into 2025 but even should prices remain as they are now for the rest of the year we are forecasting we will spend a total of around £44,000 for the whole of 2024, significantly less than the nearly £62,500 than the programme cost in 2023!!
By Charles Coldman | Director
By Charles Coldman | Director
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