Business
Uganda coffee exports up 7 percentPublish Date: Jan 15, 2014
Uganda coffee exports up 7 percent
  • mail
  • img
newvision

KAMPALA  - Uganda's coffee exports rose 7 percent in December from the same period in 2012 as farmers sold more of the commodity to raise money for the holiday season, a source at the Uganda Coffee Development Authority (UCDA) said on Wednesday.

Uganda exported 257,976 60-kg bags of coffee during the month from 240,403 bags in December 2012.

"I think farmers were forced to sell larger volumes of stock because they needed money for Christmas and the holidays but also there was ample sunshine which was crucial in quick drying of the beans," the source at the industry regulator UCDA told Reuters.

The source added that the country earned $25.4 million dollars from the exports in December, down from $30.1 million in the year ago period, thanks to variations in coffee prices.

Uganda is one of Africa's biggest coffee exporters and the crop is one of the government's main sources of foreign currency.

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
Danish agribusiness concept to revive farming in Uganda
There is something intriguing about Denmark. A country with so many world records, one of its outstanding ones include ranking first in government transparency and lack of corruption. There are more, like having the world’s happiest population, the world’s highest minimum wage, lots more....
More investments need to be plunged into the agricultural value chain for Uganda to achieve sustainable economic growth and development, Dr. Kisamba-Mugerwa, the chairperson of the National Planning Authority (NPA) has said....
Ethiopia connects Uganda to South Sudan
Traders and other organizations transacting business in South Sudan beaming with smiles of satisfaction after Ethiopian Airlines being granted permission to operate direct flights between Entebbe to Juba that are set to start next week....
Microsoft profit hurt by Nokia, but revenues jump
Microsoft has said its profits have taken a hit from its newly acquired Nokia phone division but that revenues have got a strong lift from cloud services....
UIA partners with UNRA to develop roads in industrial parks
SINCE opting for the private sector-led growth strategy to spearhead the attainment of Uganda’s growth and development aspirations, the government has, beyond its traditional policy and regulatory role...
Entrepreneurs’ bus comes to Uganda and East Africa
Entrepreneurs’ bus comes to Uganda and East Africa By Billy Rwothungeyo The AMPION Venture Bus this year makes its debut in Uganda and the other East African countries of Kenya, Rwanda and Tanzania....
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter