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Kenya’s agricultural export revenues increased in the first half

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

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

As for horticultural crops, East African countries exported about $ 675 million worth of 334,668 tonnes, up from about $ 505 million worth of 264,208 tonnes, according to the Central Bank.

Despite East African countries exporting 298,567 tonnes of tea in the first half, tea revenues were flat at around $ 629 million. This is down from 301,942 tonnes in the second half of 2020, indicating that rising global market prices have boosted earnings. ..

The increase in agricultural exports shows that the country has overcome the turmoil caused by the COVID-19 pandemic, helped by 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 Department of Agriculture and Food.

Kenya’s agricultural export revenues increased in the first half

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

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