KAMPALA, Sept 23 (Reuters) – Uganda’s coffee exports in August saw a dramatic 82.9% increase compared to the same period last year, fueled by rising global prices, according to a report released Monday by the Uganda Coffee Development Authority (UCDA).
As Africa’s leading coffee exporter, Uganda relies heavily on coffee and gold as its top sources of foreign currency. In August, the country exported 837,915 60-kilogram bags of coffee, generating $221.6 million in revenue, the UCDA report revealed.
“The higher value of coffee exports can be attributed to the continued rise in global coffee prices, driven by unfavorable dry weather conditions in key producing countries like Brazil and Vietnam, which have negatively impacted crop yields,” the UCDA noted.
For comparison, Uganda exported 743,517 60-kilogram bags in August last year, earning $121.64 million.
Over the past 12 months, Uganda’s coffee exports brought in $1.4 billion, up from $918.4 million in the previous year, reflecting a steady upward trend in the country’s coffee earnings, the UCDA added.
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