Kenya, which supplies more than a third of all cut flowers sold in Europe annually, said profit from stem shipments advanced 18 percent in the first nine months of the year as volumes exported climbed.
Earnings rose to 53.9 billion shillings ($529.7 million), the National Bureau of Statistics said on its website Wednesday. The volume exported increased 6.5 percent from a year earlier to 96,788 metric tons, it said.
The East African nation’s farming exports, including shipments of black tea, fruits and vegetables, are the biggest source of foreign exchange for the $63.4 billion economy after remittances.
Sales by growers in the nation to buyers in places such as Japan, Russia and Dubai now make up 60 percent of the nation’s exports, compared with only 20 percent five years ago, according to the council. Kenya traditionally sold its flowers at the Royal FloraHolland auction in Aalsmeer, about 30 kilometers (18 miles) west of Amsterdam.
The closing of the local unit of Karuturi Global Ltd. in March has hurt flower production, Ngige said. The Bengaluru, India-based producer’s commercial-farming lease in neighboring Ethiopia was also canceled last year. Annually, the company produced 422 million rose stems in Kenya, and 115 million in Ethiopia, according to its website.
Kenya exported 122,825 tons of flowers last year, according to the council’s website, down from 136,601 tons in 2014, as heavy rains hurt production.
The U.S. could become a key exports target if authorities there allowed for direct flights from Kenya, Ngige said. At the moment, flights headed to the U.S. from Kenya have to make a change over, typically in an African or European city, because of security concerns.
“The U.S. is the single most important market for us,” Gadhia said.