Perishable goods exporters count losses on Iran conflict
Kenyan meat exporters banking on peak Middle East demand during Ramadan face losses worth billions of shillings...
✨ Key Highlights
Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran. Extended transit times are leading to quality degradation and mounting expenses for key agricultural and meat products.
- Exporters are experiencing additional transit times of 10–20 days for shipments rerouted around the Red Sea.
- Businesses like Sasini and the Kenya Meat Livestock Exporters Industry Council (KEMLEIC) are reporting substantial losses, with over 300 tonnes of meat stuck in storage and fears of losing up to 20% of the Middle East tea market.
- Shipping lines are diverting vessels from the Suez Canal and Strait of Hormuz through the longer Cape of Good Hope route to avoid attacks.
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Oil Price Jumps Despite Record Reserve Release Amid Iran War - March 2026
Oil prices surged despite a record release of emergency reserves by International Energy Agency member countries aimed at stabilizing the market following concerns linked to the Iran war. A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war. Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran, with extended transit times leading to quality degradation and mounting expenses for key agricultural and meat products. US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.
