700k Bags of Coffee Exported in August highest in a single month, earn Uganda Shs265bn

Uganda’s Coffee exports in August 2021 amounted to 700,990 60-kilo bags worth US$ 75.09 million (Shs264.7bn).

This comprised 636,458 bags of Robusta valued at US $65.24 million and 64.532 bags of Arabica valued at US$ 9.85 million.

This was an increase of 34.89% and 63.06 % in quantity and value respectively compared to the same month last year.

By comparing quantity of coffee exported by type in the same month of last Coffee Year (August 2020), Robusta increased by 39% and 70.98% in quantity and value respectively, while Arabica exports increased by 4.44% and 24.80% in quantity and value respectively, the report says.

Increasing Robusta exports during the month compared to the previous year were due to newly planted coffee which started yielding supported by favorable weather. This was also compounded by a positive trend in global coffee prices in the month of July and August as Brazil faced the threat of frost, which prompted exporters to release their stocks.

The modest increase in Arabica coffee exports with a correspondingly high increase in value compared to the same month last year was on account of higher global coffee prices as mentioned above.

Lower Arabica proportion in the export mix is a result of the off-year biennial cycle.”

Coffee exports for the 12 months (September 2020-August 2021) amounted to 6,414,696 60-kilo bags worth US$ 607.81 million compared to 5,216,608-kilo bags valued at US$ 502.24 million the previous year (September 2019-August 2020). This represents 22.97% and 21.02% increase in both quantity and value respectively.

The quantity of coffee exported in August was the highest in a single month surpassing the previous month’s exports, while the total export quantity in 12 months was the highest in 30 years.

Download full report here: www.bit.ly/3lOfEyv  

 

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