Corona to cut farm exports by Sh150bn

Kenyan farmers are set to lose up to Sh51 billion from the decline in exports in four months of Corona restrictions. FILE PHOTO | NMG

Kenyan farmers are set to lose up to Sh51 billion from the decline in exports in four months of Corona restrictions, experts have predicted, worsening earnings outlook of key agricultural commodities.

Bernard Kiarie, chief executive at the African Alliance Kenya said agricultural exports (horticulture, tea and coffee) which were collectively earning Sh21.4 billion monthly last year are currently down to about 40 percent. That translates to an annualised loss of Sh150 billion.

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