Uganda shipped a record 642,981 bags of coffee worth almost $199 million last month. This marks the highest monthly value ever seen with huge jumps compared to last year. The Uganda Coffee Development Authority says good harvests came just as prices shot up because Brazil and Vietnam faced dry weather problems.
Coffee prices went up to $5.15 per kilo from $3.27 a year ago. At 525,220 bags, most exports were Robusta beans, but Arabica made up 117,761 bags. The country has sent out 6.87 million bags worth $1.84 billion over the past year, much more than before.
Ugacof led all exporters with about 12% of the market share. Italy bought the most Uganda coffee, at 38%, followed by India and Germany. Mt. Elgon A+ beans earned the most money, at $7.55 per kilo. Local farmers received good pay, with Kiboko beans going for 7,600 shillings per kilo.
World coffee production should reach 174.9 million bags this year. People around the world keep drinking more coffee, especially in Europe, America, and China. The UCDA expects April exports to hit about 600,000 bags as southern regions harvest their crops.
Coffee prices went up to $5.15 per kilo from $3.27 a year ago. At 525,220 bags, most exports were Robusta beans, but Arabica made up 117,761 bags. The country has sent out 6.87 million bags worth $1.84 billion over the past year, much more than before.
Ugacof led all exporters with about 12% of the market share. Italy bought the most Uganda coffee, at 38%, followed by India and Germany. Mt. Elgon A+ beans earned the most money, at $7.55 per kilo. Local farmers received good pay, with Kiboko beans going for 7,600 shillings per kilo.
World coffee production should reach 174.9 million bags this year. People around the world keep drinking more coffee, especially in Europe, America, and China. The UCDA expects April exports to hit about 600,000 bags as southern regions harvest their crops.
