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    Uganda exports Coffee worth $47.1 Million down from $53.5 Million achieved in March, Bank of Uganda monthly reports shown in

    Posted On 25 Jun 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 14

    By Abdul Rahman Bangura–

    Photo Credit: Coffee Review

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Uganda’s coffee export revenue and volume skidded back from its greatest report in May by 13%, a Bank of Uganda (BoU) monthly report has indicated. According to the BoU monthly report export accomplishment, in May Uganda ferried coffee worth
    $47.1million (Shs167bn), down from $53.5m (Shs189b) earned in March.

    “This saw the country earn $6.4 million (Shs22b) revenue less than what was earned in March when the country’s monthly receipts hit the peak ever,” the report reflected.

    In this duration in study, the volumes went down to 494,050 (60) kilogram bags, down from 572,898 (60) kilogram bags recorded in March. This demonstrated that, the nation sent abroad 78,848 bags less compared to the previous volumes exported in March.

    Uganda generates and exports two sects of coffee primarily Robusta and Arabica. Robusta seizes more than 80% of the market share while Arabica carries the continuing 20% share. The report exhibits that in May, the country shipped a total of 429,374 bags of Robusta coffee valued at $37.57m (Shs133b). While Arabica coffee exports in May were 64,676 bags worth $9.63m (Shs34b).

    Apparently, this was over 855,000 kilogramme bags more than 5.0m kilogramme bags the country sent out in year ending June 2020. According to UCDA, the June volume is cast to go back to the 500,000 bags tendency as the main harvesting interval in the greater Masaka and South Western regions peaks.

    “The increased exports would be fueled by increasing global coffee process which will enthuse exporters to release the stocks,” UCDA’s Executive Director – Emmanuel Iyamulemye remarked.

    According to UCDA, the dry climate will also take advantage of a big part in stimulating the procurement of the coffee on the countryside.

    Globally, 11.41 million coffee were shipped, up from 11.29m bags exported in March2021. This was a 4.1%  improvement. Though, UCDA’s Executive Director Emmanuel Iyamulemye conveyed suspicion that, the second wave lockdown may have effect on the logistics and might impact the export volumes.

    “This is happening at the already fueling scarcity of containers for the transportation of the coffee from Mombasa to the destination,” Iyamulemye expanded.

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
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    14 Comments

    1. Amanda June 25, 2021 at 9:39 pm Reply

      Love your daily newsletters. You all doing fantastic job. You are the best. Love you all. Amanda in London, UK

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:53 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Sam June 25, 2021 at 9:41 pm Reply

      Beautiful work well done friends in Uganda. Yes we can definitely do it. Sam in Lagos NIGERIA

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:52 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Francis June 25, 2021 at 9:42 pm Reply

      I love coffee don’t you Pal. Francis in Luanda Angola

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:52 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Johan June 25, 2021 at 9:44 pm Reply

      Am pretty sure, our great farmers are the best. AWESOME! Nairobi Kenya. Johan

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:52 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Fatima June 25, 2021 at 9:46 pm Reply

      The Bangura as always, great and detail reports. Thank you. Fatima in Casablanca Morocco

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:52 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Lamine June 25, 2021 at 9:48 pm Reply

      Bangura thank you and your teams for the reports. Conakry Guinea. Lamine

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:51 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Paul June 25, 2021 at 9:50 pm Reply

      Our farmers are doing their part for develop and beautiful AFRIKA. Paul in Kampala Uganda

      • New Africa Business News, Staff Correspondent June 25, 2021 at 9:51 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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