By Peter Kaujju

THE value of coffee in November rose by 58.7%, while the volume increased by 38% as farmers released their stocks to take advantage of the good prices.

A monthly report from the Uganda Coffee Development Authority said 250,728 60-kilo bags worth $22.96m (sh40.9b) were exported, indicating a 38% increase in volume compared to what was exported during a similar period last year.

Robusta coffee accounted for 70%, while Arabica accounted for 30%.

Harvesting in most areas started during the month, but remained intensely hampered by torrential rains though the trading tempo remained high.

The European Union increased purchase of coffee to 80% from 73% in October, while Sudan purchased 6.8%.

December’s exports are projected at 275,000 bags as the main season in the central and eastern regions peaks. However, the forecasted rains are likely to affect drying of the coffee.