Kenya's earnings from horticulture remained flat in the first quarter of 2023 despite an increase in the volume of produce exported as low prices in the global market hurt income, the Central Bank said in a recently released report.
While the East African nation exported 174,908 metric tonnes (MT) of horticulture produce, namely cut flowers, fruits, and vegetables, it earned 32.5 billion shillings (about 235 million U.S. dollars), as compared to 136,481 MT at 234 million dollars in a similar period in 2022, according to the apex bank.
During the period, exports from cut flowers earned Kenya 128 million dollars, followed by fruits at 58 million dollars, while the rest came from fresh vegetables, the Central Bank noted.
The slowdown in earnings is a continuation from 2022, which saw the value of exports drop 24 percent, hurt by decreased revenues from flowers.
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