Tridge summary
Uganda experienced a significant increase in the value and volume of its coffee exports in August, as reported by the Uganda Coffee Development Authority (UCDA). The country's exports in August reached US$221.63 million, a 13% increase from July, with a total of 837,915 bags of coffee exported, marking a 16,748 bag increase from July. From September 2023 to August 2024, Uganda's coffee exports totaled 6.39 million bags, valued at US$1.35 billion, a notable increase from the same period in 2022-2023. The UCDA credits the increase to bumper harvests in several coffee-producing regions and anticipates exports to reach 700,000 bags in September. Global coffee prices have also risen due to supply shortages caused by drought in Brazil and Vietnam, contributing to the increase in the value of Uganda’s exports. The European Union continues to be Uganda’s largest importer, receiving over 70% of the country’s coffee exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Uganda saw an increase in the value and volume of its coffee exports in August, according to a report by the Uganda Coffee Development Authority (UCDA). The country’s exports reached US$221.63 million in August, up 13% from US$210 million in July. A total of 837,915 bags of coffee were exported, up 16,748 bags from July. From September 2023 to August 2024, total coffee exports reached 6.39 million bags, valued at US$1.35 billion. This represents a significant increase compared to the same period in 2022-2023, when the country exported 6.08 million bags valued at US$918.41 million. UCDA attributes the increase in exports to bumper harvests in several coffee-producing regions. Exports are expected to reach 700,000 bags in September as more stocks are released. The report highlights that global coffee prices have been rising due to supply shortages caused by long periods of drought in Brazil and Vietnam, contributing to the ...
Source: Cafepoint
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