News

Exporters, farmers optimistic as Rwanda’s agricultural exports shore up

Raw Common Coffee Bean
Rwanda
Published Feb 4, 2022

Tridge summary

The performance of the second quarter of fiscal year 2021/2022 whereby Rwanda's agricultural exports revenues increased by 39 percent compared to the same period of last fiscal year, has offered optimism among exporters and farmers alike. The latest statistics released by the National Agricultural Export Development Board (NAEB) on Tuesday, February 1, indicated that agriculture export fetched over $158.5 million (about Rwf160 billion) during this period.

Original content

They include figures of production, export volumes and generated revenues from agricultural commodities in a three-month period covering the months of October, November, and December, 2021. In the second quarter of 2020/2021, Rwanda had generated slightly over $114 million from agricultural exports, reflecting a 5.5 per cent drop compared to the performance of the same period in the previous fiscal year. Specifically, the latest statistics show that coffee export revenues went up to $38.4 million from $26.1 million registered in the second quarter of 2020/2021. This data represent a substantial increase of 47 percent, attributed mainly to the good price at the international market, where the average price rose to $4.9/kilo from $3.7/kilo in the previous period under review, a rise of 32 percent. Speaking to The New Times, Siméon Ngendahayo, Managing Director of West Hills Coffee - a local coffee exporting company - said prices of coffee significantly increased at the international ...
Source: All Africa
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