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Ethiopia exports 225 million USD worth of cut flowers

  • Ethiopia exports 225 million USD worth of cut flowers

    by Market Insider

    Monday, 29 Aug. 2016

    The Ethiopian Horticulture Development Agency said that the sector has generated 275.45 million USD last fiscal year. Agency Public Relations Office Head Mekonen Hailu said the foreign currency secured from export of horticulture products has shown a 10.7 per cent increase compared to the performance of last year.

    The export of cut flowers accounted for the majority of the revenue, with the sector generating 225 million USD of the stated amount. The export of fruits and vegetables as well as herbs generated 50 million USD.
    He said 49,000 tons of roses and 714.5 million cut flowers were exported in the given period.

    He attributed the increase in foreign currency earnings to consistent government support to the sector, attractive incentives and increase in export volume.

    The country is becoming a preferred investment hub for horticulture export owning to conducive investment climate and government incentives, Mekonnen said.

    The majority of the 130 companies investing in fields of horticulture in Ethiopia are owned by foreigners.Europe is the key destination for Ethiopia’s horticulture products, taking 80 per cent share of the export.

    North America, Middle and Far East as well as some African and other countries also receive Ethiopian horticulture products.

    Nevertheless, during this time of the year, Ethiopia has to deal with the rainy season that usually runs from June to Mid-September. This year, however, the rainy season is longer and heavier. It already started at the end of April, and the rains are heavier than last year.

    Due to the heavy rains and cloudy days, the level of humidity is higher, which increases the occurrence of diseases like botrytis, downy mildew and powdery mildew. As a result, the production at the majority of the farms in Ethiopia decreased. "Usually, during this time of the year, our production decreases by 20 - 30 percent, because of the rains and low season. However, this year, the heavy rains made the production drop even further, by about 50 percent", says a grower.

    Fortunately, the prices are higher. "As there are less flowers on the auction, the prices increase. The prices are about 50 percent higher than they should be during this time of the year. These prices are almost as high as during Valentine's Day," he added.

    The rains are not finished yet in Ethiopia. It is forecasted that it will take another month or even more. Then, the farms can increase their production again.

    Sources: Ethiopian Press Agency + FloralDaily 

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