Uganda Exports Coffee Worth $78m In October
Uganda Coffee Development Authority reveals that the country’s coffee exports in October 2023 were 470,080 60-kilo bags worth US$ 78.96m.
This was at an average price of US$ 2.73/kilo, US cents 7 higher than September 2023 and US cents 35 higher than US$ 2.36/kilo in October 2022. This was an increase of 3.35% and 18.32% in quantity and value respectively compared to the same month last year
The October exports comprised 410,113 bags of Robusta valued at US$ 66.87m & 59,967 bags of Arabica valued at US$ 12.10m.
This was an increase of 3.4% & 18.3% in quantity & value compared to same month last year.
Farm-gate prices for Robusta Kiboko averaged UGX3,900 per kilo; FAQ UGX 7,650 per kilo, Arabica parchment UGX9,250 per kilo and Drugar UGX8,250 per kilo.
The monthly coffee exports performance was higher than the previous year on account of a good crop harvest in South-Western region and the prevailing good prices on the global scene which prompted exporters to release their stocks.
Among the Arabicas, Bugisu A+ fetched the highest price at US $ 5.15 per kilo.
The highest price for robusta was Screen 14 sold at US$ 3.20 per kilo. It was followed by Organic Robusta sold at US$ 3.03 per kilo, 20 cents higher than conventional Screen 18.
On exporter performance, the top 10 exporters held a market share of 82%. Kyagalanyi Coffee Ltd had the highest market share of 16.39% It was followed by Louis Dreyfus (U) Ltd 14.01%.
Out of the 50 exporters who performed, 22 exported Robusta only while 9 exported Arabica only.