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Kenya’s flower industry has reported weekly losses of up to $1.4 million since the Iran war began, with growers attributing the losses to a decline in demand and shipping disruptions. The Kenya Flower Council, a private sector organization representing growers and exporters of cut flowers and ornamentals in Kenya, said Tuesday the ongoing conflict has resulted in over $4.2 million in losses over the last three weeks. “We are seeing a reduction in movement, delays in movement of produce, and longer routes, while pricing is extremely high. Last week, we were at $5.80 per kilo, which is the highest we’ve had in the last 10 years,” KFC Chief Executive Officer Clement Tulezi told The Associated Press. Kenya’s horticulture sector, one of its most important industries, is worth over $800 million annually, according to the Central Bank of Kenya.
Full report : Kenya’s flower industry loses millions of dollars weekly due to the Iran war.