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

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

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

As for horticulture, according to the central bank, East African countries exported 334,668 tons worth about $ 675 million, up from 264,208 tons worth about $ 505 million.

Although East African countries exported 298,567 tons of tea in the first half of the year, tea revenues remained unchanged at around 629 million US dollars. This is a decrease from 301,942 tons in the second half of 2020, suggesting that rising world market prices have boosted yields. ..

The surge in agricultural exports shows that the country has overcome the turmoil caused by the COVID-19 pandemic, helped by diversifying 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 Food.

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

Source link Kenya’s agricultural export income rose in the first half of the year

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