Kenya: Flower earnings drop Sh9 billion

Earnings from horticulture dropped by Sh9 billion in the nine months to September pointing to reduced annual earnings.

Figures from the Kenya National Bureau of Statistics (KNBS) show the earnings dropped from Sh115 billion in corresponding period last year to Sh105 billion.

The move implies the government will also earn less foreign exchange from the produce owing to depressed income in one of the top three foreign exchange earnings.

The cut-flower export remains the largest earner of horticulture, contributing more than 70 percent of the total fresh produce in annual earnings.

Flowers made the bulk of the earnings in 2018, bringing in Sh113 billion with fruits emerging second by raking in Sh27 billion followed by vegetables at Sh12 billion. Earnings from horticulture last year grew by 33 percent from Sh115 billion in the previous year on account of high demand and good international prices.

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