Earnings from horticulture grew five percent to Sh157 billion in 2021, keeping the sector at the top of the table of the country’s top foreign exchange earners. This sector earned Sh150.16 billion in 2020.
Horticulture surpassed tea as the top foreign exchange earner in 2018, and since then, the gap between the revenue from the two sectors has been widening.
Tea earnings stood at Sh126 billion in 2021, a three percent growth compared to Sh122 billion in 2020. “During the review period, horticultural output – key among them the cut flowers – benefited from better export prices offered in the export market,” says the Kenya Economic Survey 2022 published by the Kenya National Bureau of Statistics.
There was also a significant increase in the amount of horticultural produce exported, growing by 29 percent to 405,000 tons in 2021. “The value of horticultural exports increased by five percent, partly explained by higher quantities exported despite lower international prices during the year under review,” says the report.
Read the complete article at www.standardmedia.co.ke.