According to Primarosa Flowers Limited managing director Bobby Kamani, delay in VAT refunds will impact earnings of sector players while lack of fertiliser could lead to reduced yields of the top foreign exchange earner.
Mr Kamani called for intervention from the government, warning that if the situation persists consumers should expect to dig deep into their pocket to buy flowers. “Delays in recovering VAT from the government go back to over 12 months, impacting cash flow and increasing the cost of operating,” Mr Kamani said in a statement.
He expressed concern that the quality of flowers exported will be compromised if the issue of fertiliser shortage is not adequately addressed. “Fertilisers are vital to our product and shortage has resulted in traders doubling prices, leaving the farmers helpless as there are no other options,” he said.