Uganda: Coffee Exports Plunge By 19 Percent

Uganda: Coffee Exports Plunge By 19 Percent ; UGANDA'S coffee exports fell by 18.6% to 215,180 60-kg bags in January compared with a year earlier due to unfavourable weather, a source at the Uganda Coffee Development Authority (UCDA) has said.

Uganda is Africa's second largest coffee producer. Exports of the commodity are a leading source of foreign exchange income and employment in east Africa's third largest economy.

"The weather hasn't been favourable in central and eastern Uganda and, it particularly, affected robusta growing areas," said a source at the state-run UCDA. "Beans require good rains in their early stages for good formation and development and these two regions didn't have sufficient rains, reducing yields." The two regions account for 55% of Uganda's annual coffee yield, while south and western Uganda contribute the remainder. For the latest updates PRESS CTR + D or visit Stock Market news Today

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