Flower industry rebounds as lockdowns ease - News Summed Up

Flower industry rebounds as lockdowns ease


Demand for Kenya’s flowers has recovered to around 85 per cent of pre-coronavirus levels as European markets open up after lockdowns, an industry body said, spurring hope that the industry could see a full rebound by next year. But demand is coming back as restrictions ease and growers are hoping it will recover fully by next year, said Clement Tulezi, chief executive of the Kenya Flower Council. Flower exports are one of Kenya’s top three foreign exchange earners and generated nearly a billion dollars in sales in 2019. Flower sellers are still nervous about high freight costs caused by a drop in airline traffic and uncertainty over whether there will be a second coronavirus wave in Europe, Nain said. “We are not sure freight capacity and costs will be moving in tandem with demand,” said Tulezi.


Source: Standard Digital July 21, 2020 12:26 UTC



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