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Coffee exports increase 26.6 percent in May 2020

By George Mangula

Uganda’s Coffee exports in May 2020 amounted to 437,597 60-kilo bags worth US$ 42.48 million, according to Uganda Coffee Development Authority (UCDA) . “This was an increase of 26.55% and 28.73% in quantity and value respectively from the same month last year.”

By comparing quantity of coffee exported by type in the same month of last Coffee Year Robusta increased both in quantity and value (35.81% and of 32.35%) respectively. Similarly, Arabica exports also registered a percentage increase in both quantity and value (2.04% and 21.16%) respectively.

UCDA in its latest report attributes the increase in exports to the increased production on account of fruition of the newly planted coffee, and favourable weather. “Exporters also drew down on their stocks in the midst of the lockdown due to the COVID-19 pandemic. Exports were to some extent affected by logistical issues due to the country’s lockdown especially at Malaba Boarder point.”

Uganda’s Coffee exports for the 12-months period (Jun 2019 to May 2020) totalled to 5,024,692 bags worth US 488.02 million compared to 4,146,145 bags worth US$ 416.72 million the previous year.

Meanwhile, the country’s coffee exports for the first 11 months (Financial Year 2019/20) amounted to 4,680,879-kilo bags worth US$ 456 million compared to 3,827,114 60-kilo bags worth US$ 383 million the previous year. This represents 22% and 19% increase in both quantity and value respectively. Cumulatively in twelve months, (Jun 2019-May 2020), a total of 5.02 million 60-kg bags worth US$ 488.02 million were exported.

Globally, coffee exports amounted to 10.82 million bags in April 2020, compared with 11.17 million in April 2019. Exports in the first 7 months of Coffee Year 2019/20 (Oct 2019 to Apr 2020) have decreased by 3.8% to 72.79 million bags compared to 75.67 million bags in the same period in 2018/19. The ICO Composite Indicator price decreased by 4.1% to 104.45 US cents/lb in May 2020 from US cents/lb 108.91 in April 2020. Expectations of a bigger output from Brazil’s harvest which is underway, and the ongoing expectations of low demand put pressure on prices.

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