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Kenya’s flower industry loses millions of dollars weekly due to the Iran war
Kenya's cut-flower sector faces weekly losses of $1.4 million due to reduced demand and disrupted shipping linked to the Middle East conflict, threatening jobs of 500,000 workers.
- Kenya's flower industry has reported weekly losses of up to $1.4 million since the Iran war began, attributing the losses to a decline in demand and shipping disruptions.
- The Kenya Flower Council said over $4.2 million in losses have been incurred over the last three weeks due to reduced movement, delays, longer routes, and extremely high pricing.
- Growers like Isinya Flower Farms warn that if the conflict drags on, the sector will continue to deteriorate, potentially leading to job losses in an industry that employs up to half a million Kenyans directly.
19 Articles
19 Articles
Kenya flower shipments hit by Mideast war
Kenya’s flower industry is losing millions of dollars every month as the conflict in the Middle East upends global commerce. Horticulture is one of the country’s most important economic drivers, generating close to 1% of its GDP. But the sector is reliant on just-in-time air freight, and routes have become longer and more expensive because of the Iran war’s disruption to Gulf air hubs, forcing some producers to discard as much as half of their f…
Middle East War Stings Kenya as Flower Industry Records Ksh178M Loss Weekly
The Kenya Times ~ Trending, Breaking News and Videos Middle East War Stings Kenya as Flower Industry Records Ksh178M Loss Weekly Kenya’s flower industry has reported posting a weekly loss of about KSh178 million following the Middle East tensions. According to the Kenya Flower Council (KFC), Kenya’s flower industry has incurred weekly losses of up to Ksh 177,338,000 since the war in Iran began, driven by lower demand and shipping disruptions. Fu…
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