Category: "Horticulture"

Ethiopia expects to earn $250 mil from flower export

January 30th, 2010

Ethiopia expects to earn $250 mil from flower export

By Dawit Taye

Reporter

The price of flowers, which until last month had been on the low, has as of the last two weeks shown a 30 percent increase, creating better opportunities for Ethiopian flower exporters.


According to Tsegaye Abebe, chairperson of the Ethiopian Horticulture Producers and Exporters Association, for months, depending on the type of flowers, prices remained at .08 to .20 euros. In recent weeks, however, that has increased to .20 to .30 euros.

One of the reasons for the increase in price, according to Tsegaye, is attributed to the decline in flower exports by Kenya. Kenya is the leading flower exporting African country. Its flower production was affected by untimely rains of the past three weeks.

Kenya earns over 300 million USD annually from flower exports.

Upcoming holidays such as Valentines Day, Mothers Day, and Women's Day have also contributed to the increase in flower prices, according to Tsegaye, who says he expects prices to remain high in the coming months.

The cold and snowy weather which prevailed in most flower importing countries in the past months was a major factor for the decline in flower prices.

The Ethiopian Horticulture Producers and Exporters Association expects export volume to be as much as 250 million USD this budget year. Over 83 million USD has already been secured in the first six months of this budget year.

Development Bank of Ethiopia may ease debts for flower farms

September 28th, 2009
Development Bank of Ethiopia

Development Bank of Ethiopia may ease debts for flower farms

By Yohannes Anberbir

Authorities at the state-owned Development Bank of Ethiopia have begun contemplating rescheduling the debt repayment period of flower farms based on the farms' current performance.

The current new thinking of the authorities is an outcome of DBE's credit team's assessment of the flower farms, a top official of the bank told Capital.
The credit team authorised by the bank to investigate the challenges of the flower sector came up with results that identified quality problems with the flower farms, a lack of managerial supervision and other factors that resulted in poor market performance.
The team also criticised the bank's credit requirement for this specific sector and recommended a way out from the crisis.


Read Full Story from Capital ...

Ethiopia - Starlight flower farm goes bust

August 10th, 2009



Ethiopia - Starlight flower farm goes bust

By Yohannes Anberbir

Ethiopia's Starlight Roses Flower Farm was the last surviving subsidiary of the troubled Star Business Group, set up by three Addis businessmen. Despite its resilience, it has not been able to survive the financial collapse of the parent company and is now set to close.
Worku Megra, general manager of the flower firm, is currently negotiating to return the 36 hectares flower farm to Sher Ethiopia. In the same week the Federal High Court authorized the liquidation of Ethio Investment Group(EIG) another of Star’s debt ridden subsidiaries.
Menwyelet Atenafu, Abebaw Desta and Worku Megra, business partners and shareholders of Star Business Group, Ethio Investment Group and many other well-known companies, established Starlight Roses Flower Farm two years ago.

Like other flower exporters, Starlight also leased four green houses from Sher Ethiopia Plc, a flower grower and green house company based in Zeway town in the Oromia Regional State, 165km south of Addis.

Starlight had been exporting flower stems collected from the 36 hectares farm for the last two years, paying 0.51 euro per square meter for the green houses each week.


Read Complete Report from Capital

Ethiopia Secures 138 million dollars from cut flowers

August 4th, 2009

Ethiopia Secures 138 million dollars from cut flowers

Source: ENA

Ethiopia secured 138 million US dollars from the export of cut flowers during the just ended fiscal year.

Flower and Horticultural Products Association President Tsegaye Abebe told ENA on Tuesday that the stated sum was obtained from the export of two billion cut flowers.

Tsegaye said in spite of the current global economic slowdown, the amount gained from the sector has increased,

The sum secured during the reported period exceeds that of last year by 20 per cent, he said.

Cut flowers, which used to be exported to the Netherlands and Germany alone before last year, have been exported to Britain, Sweden, Norway, Japan, Rusia and South Africa last year

Only half of 3,000 hectares of land provided flower cultivation has been developed so far.

Ethiopia's export earnings tumble 42% of gov't forecast

July 21st, 2009

Ethiopia's export earnings tumble 42% of gov't forecast

Ethiopia's export earnings for the fiscal year that just ended in June 2009, is down 42% of projected earnings of $2.6 Billion. The country's Ministry of Trade and Industry said, Ethiopia's export earnings in 2008/09 (July-June) came in at $1.5 billion, well below a planned $2.6 billion due to the global financial crisis.

Coffee export was severely hit, Ethiopia earned $376 million from sales of 134,000 tonnes of coffee, down from $525 million it earned in 2007/08.

Ethiopia is Africa's largest exporter of coffee and the world's fourth largest exporter of sesame seeds.

Despite the power cuts affecting industry and export earnings down 42 percent of government forecast, Ethiopia insists economy to grow 10% this year.

Ethiopia's Export Earnings breakdown

  • $376 million from sales of 134,000 tonnes of coffee
  • $355 million from exports of 287,334 tonnes of oil seeds
  • $139.2 million from exports of 25,000 tonnes of khat
  • $91 million from exports of pulses
  • $99.43 million sales of 4.72 tonnes of gold,
  • $131 million from the export of 1,300 billion flower stems
  • $76 million from Live animal and meat products
  • $105.3 million from leather exports



Read Original Story from Reuters