Uganda Sees 2.9% Increase in Coffee Exports Despite 13.6% Drop in Earnings – CoffeeTalk

Uganda’s coffee exports experienced a 2.9% increase in March compared to the same period last year, as reported by the Ministry of Agriculture, Animal Industry, and Fisheries. This rise is attributed to a good crop yield, reinforcing coffee’s status as one of the nation’s top foreign exchange earners. In March, Uganda shipped 671,152 60-kg bags of coffee beans, reflecting the heightened production levels. Despite this rise in quantity, the total earnings for March saw a decline of 13.6% year-on-year due to falling global coffee prices. Over the 12 months leading up to March, Uganda recorded $2.4 billion in coffee export revenue, a significant increase from $1.8 billion in the preceding year, underscoring the vital economic role of coffee in the country, which is the largest coffee exporter in Africa, followed by Ethiopia.

Read More @ Reuters