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Wednesday, 18 July 2012

Ugandan coffee exports to shrink by 26%

According to recent updates by the Uganda Coffee Development Authority, coffee exports from Uganda may see a drop of around 26 % this month compared to July 2011, as a result of a smaller crop. The EU,  as well as countries such as Sudan, the U.S., India, Morocco, Ecuador, Switzerland, Japan and South Africa are some of the major importers of Ugandan coffee.
Uganda may export 3.1 million to 3.2 million bags in the 2011-12 season, which started on Oct. 1 and runs through September, according to the Uganda Coffee Development Authority. This compares with the forecast of 2.8 million to 2.9 million given by National Union of Coffee Agribusinesses and Farm Enterprises on May.

Source: Bloomberg