Coffee export revenue rises by 3.4% in October
Uganda’s coffee exports rose by over 3% in October, 2023, with the country raking UGX 298.2 billion in revenue during the period.
According to Uganda Coffee Development Authority (UCDA) monthly report for October, about 470,080 60-kilo bags, worth $78.96 million (about UGX 298.2 billion) were shipped out of the country last month. This comprised 410,113 bags of Robusta valued at $66.87 million (UGX 252.56 billion) and 59,967 bags of Arabica valued at $12.10 million (UGX 45.7 billion).
This indicates an increase of 3.4% in quantity exported and 18.3% in value compared to the same month last year, says the report.
The amount of Robusta coffee shipments was also up by 3.4%, higher than the same month of last Coffee Year (October 2022), while earnings grew by over 26%. Arabica export volumes rose by more than 2.8% during the period under review, with revenue expanding by 12.18%, indicates the UCDA report.
The sector watchdog attributed the exports performance improved on the back of a good crop harvest in south-western region and the prevailing good prices on the global scene that prompted exporters to release their stocks.
Uganda’s coffee exports for the 12 months, from November 2022 to October 2023, amounted to 6.16 million bags worth $952.24 million compared to 5.83 million bags worth $883.30 million in the previous period (November 2021 to October 2022, the report shows. This was over 5.5% increase in volumes while revenue grew 7.8%, it adds.
The country’s coffee was mainly bought by Italy, Germany, Spain, India, Algeria, Morocco, Kenya, South Africa, Sudan and Egypt.
However, Europe remains the main importer of Uganda’s coffee, taking over 68% of the total exports, according to UCDA