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
Media trained on intellectual property rights
Media practitioners have been sensitized on the importance of intellectual property rights and the procedures for registration...
Greek crisis could weaken Ugandan shilling further
The failure by Greece to beat Tuesday’s deadline to repay $1.7b (sh5.4 trillion) owed to the IMF could trigger a further depreciation of the Uganda shilling....
Survey shows Greek referendum too close to call
Greece is almost evenly split over a crucial weekend referendum that could decide its financial fate....
Airtel hands over sh70m to Kitovu Hospital from Kabaka Run
Airtel Uganda has handed over the contributions that were collected during the Kabaka Run to contribute towards the fight against Fistula....
Embrace formal business operations for employment opportunities-Akampwera
Most Small and Medium Enterprises (SMEs') in Uganda do not have business records coupled with limitations to track down business progress....
Program to stimulate coffee production launched
COFFEE farmers are working out ways to lure a majority of youths back into growing the cash crop from the boda-boda business they have recently embraced...
Do you think Ugandan graduates are the worst in the region?
Yes
No
Can't Say
follow us
subscribe to our news letter