NAIROBI (Reuters) - Kenyan industry officials expect stronger horticulture export earnings this year after figures seen by Reuters on Wednesday showed a 3.84 percent fall in 2012.
Kenya earned 87.71 billion Kenyan shillings from the cultivation of fruit, vegetables, flowers and nuts in 2012, down from 91.22 billion in 2011, a Horticultural Crops Development Authority (HCDA) report seen by Reuters showed.
Horticulture is a leading source of foreign exchange for east Africa's biggest economy alongside tea exports and tourism.
Flowers, which make up the bulk of the earnings, fetched 42.87 billion shillings in 2012, down from 44.50 billion in 2011, the report showed.
Earnings from vegetable exports totalled 21.49 billion shillings versus 21.51 billion in 2011, despite bigger volumes shipped.
Kenya exports most of its horticultural produce to Europe, where officials say economic weakness contributed to a decline in last year's earnings.
"The outlook is positive for the industry in 2013 because the situation in the euro zone is improving gradually and the weather forecast for the medium-term is favourable," said Jane Ngige, chief executive of the Kenya Flower Council.
"We expect export volumes to hold steady as has been the case in the last two seasons. Earnings may, however, vary depending on how fundamentals such as foreign exchange play out during the year."
HCDA said Kenya's horticultural exports totalled 380,421 tonnes versus 380,848 tonnes in 2011.
Source: http://news.yahoo.com/kenya-horticulture-2012-earnings-down-3-8-pct-123410665--business.html
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