Russia’s War Is Boosting Flower Prices as Demand Remains Robust
- Top flower grower Kenya expects earnings to increase this year
- War in Ukraine disrupting fertilizer and energy on farms
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Rising demand for flowers even as Russia’s war on Ukraine curtails production has helped horticulturists in Kenya, Africa’s top grower, boost prices.
Kenya’s shipments in 2022 will likely exceed last year’s 110.8 billion shillings ($954 million), according to the Kenya Flower Council. Higher prices, a stronger dollar and euro will boost the East African nation’s earnings and “cushion farmers” even after output expectedly falls, said the industry lobby’s chief executive, Clement Tulezi.