Business
Uganda coffee exports up 7 percent
Publish 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
UNBS
The $100,000 (sh300m) e-portal is a database for all import- and export-related data in Uganda and will be managed by UNBS officers and other stakeholders....
Russia to send delegation for trade fair
Visiting Russian deputy minister for telecommunication and mass communication, Alexey Volin, has revealed that a Russian business mission will participate in the International Trade Fair at Lugogo in the first week of October, 2015....
Security, infrastructure boosted in revised budget
In the latest revised draft budget, security, energy and the transport sector have been allocated more resources in the 2015/2016 budget....
War pushes S. Sudan
Soaring inflation and a likely currency collapse are adding to South Sudan''s woes after 17 months of civil war....
Struggling BlackBerry announces new round of layoffs
BlackBerry is laying off workers around the world as the struggling smartphone manufacturer tries to make its device business profitable....
Women empowered financially through steel
Lydia Mwesigwa is a marketer by profession who at first didn't have any interest in owning a steel manufacturing plant apart from earning a salary from it....
Should graduated tax be revived?
Yes
No
Can't Say
follow us
subscribe to our news letter