Uganda earns US$49.47m from October coffee exports as newly planted trees start to yield

UGANDA – Uganda coffee exports in October 2021 amounted to 486,534 60-kilo bags worth US$61.43 million, comprising of 426,148 bags of Robusta valued at US$49.47 million and 60,386 bags of Arabica valued at US$11.96 million.

According to reports by the Uganda Coffee Development Authority (UCDA), this was an increase of 13.68% and 59.91% in total quantity and value respectively compared to the same month last year.

Despite the rise in both quantity and value obtained from the export of the green gold during the period under review, October’s production was much lower compared to the previous month’s traded volume which stood at 585,576 bags worth US$66.62 million.

By comparing quantity of coffee exported by type, Robusta increased by 14.78% and 59.91% in quantity and value respectively, while Arabica exports increased by 6.44% and 55.82% in quantity and value respectively.

ADVERT

The Authority attributes the increasing coffee exports during the month to newly planted coffee which started yielding supported by favorable weather and the performance was further compounded by a positive trend in global coffee prices.

Coffee prices have been going up since July 2021 as Brazil faced the threat of frost and high temperatures, while Vietnam faced a challenge of shipping containers as a result of Covid 19 related restrictions. This prompted exporters to release their stocks.

The report also detailed destinations of Uganda’s coffee exports during the period under review, with Italy maintaining its top slot as biggest consumer of Uganda Coffee, commanding market share of 26.27%, followed by Algeria 14.82%, Germany 14.20%, United States 7.19% and Belgium 6.11%.

At the continental level, Coffee exports to Africa amounted to 106,681 bags with Algeria, Sudan, Morocco, Egypt, and Kenya being big consumers of Uganda coffee but Europe remained the main destination for Uganda’s coffees with 57% imports share higher than 50% in September 2021.

Coffee exports are projected to be 500,000 bags in November since harvesting period season in Central and Eastern regions has started.

World coffee exports for September totalled 10.07 million bags down by 4.9% from 10.59 million bags in September 2020.

ADVERT

Total exports for Coffee year 2020/21 totaled 128.93 million bags an increase of 1.2% compared to 127.36 million bags for coffee year 2019/20.

The report estimates that the global coffee production for 2020/21 coffee year is estimated to increase by 0.4% to 169.64 million bags a 0.4% up from 168.98 million bags in Coffee Year 2019/20.

While consumption is estimated to increase by1.9% % to 167.15 million bags in 2020/21 coffee year compared to 164.02 million bags in 2019/20 coffee year.

Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE

Other Posts Worth Reading

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.