Coffee farmers reap big -Ibanda
Ibanda District coffee farmers are celebrating record prices this week with both Arabica and Robusta beans fetching unprecedented rates. Arabica coffee is currently trading at sh18,500 per kilogramme up from sh14,500 just three weeks ago. Robusta coffee prices have also increased reaching sh15,000 per kilo.
Deogratias Tihwayo of Nyakatookye Coffee Farmers Cooperative attributes the surge to high-quality beans and strong demand. He anticipates further price increases in the coming weeks.
Global supply uncertainties, stemming from challenging weather conditions in major coffee-producing countries like Brazil, Vietnam, and Colombia, are contributing to the favorable market conditions for Ibanda farmers.
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