Ethiopia pockets 271 mln USD from flower, horticulture export
Photo Source: fairtrade.org.uk
ADDIS ABABA, Aug. 15 (Xinhua) -- Ethiopia has generated close to 271 million U.S. dollars from the exports of flower and other horticulture products during the just concluded Ethiopian fiscal year, the Ethiopian horticulture and Agriculture Investment Authority revealed on Tuesday.
The Ethiopian Horticulture and Agriculture Investment Authority, however, disclosed that the amount earned during the just concluded 2016-2017 Ethiopian fiscal year was slightly less than last fiscal year's earnings by 1.5 percent.
The authority further indicated that the revenue earned from the sector was 190 million U.S. dollars short of its initial target for the reported period.
Export of flower holds the lion-share of the total 271 million U.S. dollars generated from the sector, with 218 million U.S. dollars. Other horticulture products, vegetable and fruits, accounted for the 53 million U.S. dollars generated.
The authority further revealed that various activities are being done so as to increase the amount of flower and other horticulture products export during the just commenced 2017-2018 Ethiopian fiscal year.
The Ethiopian Horticulture Producers and Exporters Association has recently disclosed the need to promote the country's horticulture products in more international markets such as China.
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