Kenya’s agricultural export earnings increased in the first half of the year


Nairobi, Aug.6 (Xinhua) -Kenya’s agricultural exports increased in the first half of this year as shipments to the world market increased and prices rose, the central bank said on Friday.

According to Apex Bank, East African countries will grow from 25,383 tonnes, or about $ 118 million in the second half of 2020, to 24,158 tonnes, or 16.1 billion Kenyan shillings (about $ 149 million). during the period. Exported coffee.

Regarding horticultural crops, East African countries exported about $ 675 million from 334,668 tonnes, compared to about $ 505 million from 264,208 tonnes, according to the Central Bank.

Although East African countries exported 298,567 tonnes of tea in the first half of the year, tea revenue remained stable at around $ 629 million. This is down from 301,942 tonnes in the second half of 2020, indicating that higher world market prices have boosted profits. ..

The increase in agricultural exports shows that the country has overcome the turbulence caused by the COVID-19 pandemic, aided by the diversification into new markets.

The European Union was Kenya’s largest market for agricultural products, but Kenya has diversified into non-traditional markets including Asia, according to Kero Harsama, executive director of the Ministry of Agriculture and Agriculture. Food.

Kenya’s agricultural export earnings increased in the first half of the year

Source link Kenya’s agricultural export revenues increased in the first half of the year


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