Uganda coffee exports plunge 20% in February as drought cuts yields

Date:

KAMPALA, March 19 – Uganda’s coffee exports in February plunged 20% compared to shipments from the same period a year ago, the state-run sector regulator said on Saturday, attributing the decline to drought that cut yields in some parts of the country.

The east African country exported 448,957 60-kilogram

bags in February, 20% lower than volumes exported in February last year, the Uganda Coffee Development Authority (UCDA) said in a report published on Saturday.

Uganda is Africa’s biggest exporter of coffee followed by Ethiopia and earnings from the beans constitute a major of foreign exchange for the country.

UCDA said the decline in exports were mainly on account of low yields of robusta, the coffee variety that Uganda predominantly cultivates.

“The decrease in robusta exports was mainly attributed to lower yields this year that was characterized by drought in some regions,” UCDA said.

Last month, Uganda blamed its withdrawal from an International Coffee Organisation (ICO) agreement on what it said are unfair tariffs and other barriers that restrict export of processed coffee to Europe and elsewhere. read more

Reporting by Elias Biryabarema; editing by Raju Gopalakrishnan

Source: Reuters

Naija247news Media Nigeria
Naija247news Media Nigeriahttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Gbajabiamila dissolves 9th Assembly

June 7,2023. Memories and emotions went high on Wednesday during...

No Senator has withdrawn support for me – Akpabio

June 7,2023. AHEAD of the inauguration of the 10th National...

Court remands 33-year-old teacher for alleged armed robbery

June 7,2023. A Makurdi Chief Magistrates’ Court on Wednesday ordered...
Verified by MonsterInsights