• No_Ads
Business
Uganda coffee exports up 35 percentPublish Date: Mar 12, 2013
newvision
  • mail
  • img

KAMPALA - Uganda's coffee exports rose 34.5 percent year-on-year in February to 328,643 60-kg bags on favourable weather and greater stock availability, the state-run Uganda Coffee Development Authority (UCDA) said on Tuesday.

"The higher exports were driven by two factors: we had a dry weather which helped in quickening the drying process for the beans and also since students were going back to school, farmers released more than the usual amount of stocks to earn enough money to get school fees," said a source at UCDA.

Coffee harvest is underway in the east African nation's central and eastern regions, which account for 55 percent of production of the beans in Africa's top coffee exporter.

Reuters

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Museveni calls for aggressive fight against animal diseases
President Yoweri Museveni has urged authorities to sensitize the public on the use of animal chemicals saying that some chemicals become resistant after using them for a long time but the public do not know....
Govt plans to give URA easier access to bank accounts
Uganda, under pressure to boost tax receipts, plans to amend banking laws to give the state revenue collector greater access to depositors'' bank accounts to verify tax compliance.Currently, tax authorities can only gain access to bank accounts of a firm or individual through a court order....
Farmers adopt sprinkling to fight coffee wilt
Coffee farming especially in central region has been affected by coffee wilt for the past few years. Many coffee farmers had abandoned the growing of coffee and changed to other crops which were not affected by the wilt disease....
Ugandan shilling up as traders anticipate investor debt inflows
The Ugandan shilling firmed on Monday as traders bet an expected surge in government domestic debt auctions would draw sufficient hard currency inflows to plug a budget deficit.At 1147 GMT commercial banks in Kampala quoted the currency of Africa''s leading coffee exporter at 2,595/2,605, stronger...
Financial Institutions Act to be amended
BANK of Uganda (BOU) is preparing to submit legislation to Parliament aimed at amending the Financial Institution Act 2004...
IMF chief advises gov’t to dump tax incentives
In last week’s reading of Uganda’s National Budget 2013/2014, Finance minister Maria Kiwanuka fronted bold steps to widen the country’s tax base....
Do you think the government was right to introduce a value added tax on water?
Yes
No
Can't Say
follow us
subscribe to our news letter