Australia a 'lucrative market' for Kenyan avocados, veg, cashews

Australia's diplomat in Nairobi has said that the surge in demand for avocados, vegetables and cashew nuts in Australia, has opened a lucrative window for Kenyan producers.

Australian High Commissioner John Feakes said Kenya stands to reap a fortune from supplying the continent with the products alongside cut flowers.

The announcement comes amid a steep drop in Kenyan exports to Australia, having shrunk by nearly a quarter to Sh2.3 billion last year compared to Sh3 billion in 2014.

“Australia provides a huge market for Kenyan produce and investors should take advantage of this opportunity,” said Mr Feakes during last Friday’s launch of the Kenya Australia Chamber of Commerce — a lobby that promotes bilateral trade.

The lobby is a point of reference for investors seeking to invest in Nairobi and Canberra. Avocado farming has recently attracted global attention. Last week, Israeli firm Guri Avocados inked a deal with Kiambu County which will see farmers export the fruits to Israel.

Cashew nuts are mainly grown on the Kenyan coast. 

Agriculture is Kenya’s backbone and accounted for 30 per cent of gross domestic product (GDP) last year.

Kenya mainly exports tea, coffee and horticultural produce.

(1 Kenyan Shilling=0.0099 USD)

Source: businessdailyafrica.com

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