Uganda Coffee Exports Climb to Six-Month High as Prices RiseFred Ojambo
Coffee exports from Uganda, Africa’s biggest robusta shipper, climbed to a six-month high in January as prices rose.
Shipments climbed 13 percent to 391,514 60-kilogram (132-pound) bags from 345,114 bags a year earlier, the state-run Uganda Coffee Development Authority said today by e-mail from the capital, Kampala. Robusta coffee for May delivery rose 7.6 percent in January on NYSE Liffe in London.
Uganda mainly ships beans to the European Union, the U.S., Sudan, Switzerland, India, Singapore and Russia. Robusta accounts for at least 70 percent of the country’s beans.
January’s shipments were the highest since July and surpassed an earlier forecast for 280,000 bags and December’s 257,976 bags, according to the authority. The beans fetched $38.88 million in January compared with $42.56 million a year earlier, it said.
Exports from Oct. 1 through January climbed to 1.12 million bags worth $113.79 million, from 990,715 bags valued at $125.49 million, according to data compiled by Bloomberg.
Uganda is Africa’s second-biggest coffee producer, after Ethiopia, and consumes about 3 percent of its annual crop, according to the African Fine Coffees Association.