Coffee Export Growth Continues Apace
From: ugbusiness.com
Uganda’s coffee exports grew strongly in March compared to a year earlier, figures from the regulator showed, but declined from the previous month due to a fall in prices.
The Uganda Coffee Development Authority said on Thursday that coffee exports rose 34.4% year on year last month to $45.9m (Shs174.5bn). The quantity exported increased to 477,561 60-kilo bags, up 37.1% from a year earlier.
The increase in exports was due to increased production following the fruition of newly planted trees and exporters drawing down their stock in the midst of the Covid-19 coronavirus lockdown, the UCDA said. However, the global pandemic has not resulted into any significant impact on Uganda’s coffee exports to various destinations, according to the authority.
