News

Ugandan coffee export revenue reaches US$940 million in fiscal year 2022/2023

Raw Common Coffee Bean
Uganda
Market & Price Trends
Published Nov 30, 2023

Tridge summary

In the 2022/2023 fiscal year, Uganda achieved a historic milestone in coffee exports, reaching $940.3 million, a 7% increase from the previous year. The growth was attributed to high crop yields and favorable global prices. However, leaders of major African coffee-producing countries are considering strategies to stop the export of raw coffee beans in order to increase farmers' incomes and reduce exploitation by Western countries.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Uganda's "New Vision Newspaper" reported that in the 2022/2023 fiscal year, Uganda achieved a historic milestone in coffee exports, reaching US$940.3 million. Compared with the same period last year, the increase was as high as 7%. ​ Data from the Uganda Coffee Development Authority (UCDA) shows that the East African country exported 6.14 million 60kg bags of coffee in the last financial year, up from 5.86 million bags the previous year. The growth was attributed to high crop yields and favorable global Price. Currently, Italy, Germany, India, Sudan and Morocco are the main destinations for Ugandan coffee exports. In addition, Tunisia, Somalia, Egypt, Libya and Kenya are also important buyers. ​ In the East African region, coffee export revenue from Ethiopia and Rwanda also increased significantly. Although Ethiopia's coffee exports did not meet the annual target, they still generated more than $1.3 billion in revenue in the 2022/23 financial year. Rwanda's exports reached ...
Source: Foodmate
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