Scope Markets Kenya report says horticulture export outlook remains bleak

According to a new report, Kenya’s horticulture industry is estimated to be losing at least Sh106 million (€880,000) per day as a direct impact of the COVID-19 pandemic. This is despite the gradual opening of most markets within the European Union, Kenya’s main horticulture exports market.

An analysis by Scope Markets Kenya shows that while some demand for horticulture exports has returned and losses have reduced, the outlook remains bleak throughout the coming months. The report says Kenya’s horticultural sector will take time to recover.

“Shipments of flowers, vegetables, herbs and fruits to the European Union, which accounts for more than 80 per cent of horticulture exports from Kenya, all but ceased in March this year following the outbreak of the COVID-19 pandemic,” the report says.

By April and May 2020, Kenya’s horticulture industry was losing about €3.1 million a day, according to the Fresh Produce Exporters Association of Kenya. Kenyan farms have drastically reduced export volumes to 50 per cent, with a sizeable number suspending exports altogether.

Source capitalfm.co.ke


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