Uganda earned $1.35 billion (about Shs4.990 trillion), from coffee exports between September 2023- August 2024, which indicates that the country now gets more from the oversea market, according to the Uganda Coffee Development Authority (UCDA).

The monthly UCDA coffee report for August revealed that the coffee export earnings for the period totaled $ 1.35 billion from 6.39 million bags compared to 6.08 million bags, which was worth $ 918.41 million in the previous year (September 2022- August 2023).

“This represents an increase of 5.25 per cent and 46.96 per cent in quantity and value respectively. 75 per cent of the total volume was exported by 10 exporters, out of 66 companies which performed during the month compared to 69 per cent in June 2024. Sustainable Arabica fetched the highest price at $ 5.58 per kilo,” UCDA said in its monthly report for August 2024 released at the weekend.

UCDA figures indicate that a total of 837,915 60-kilo bags of coffee valued at $221.63 million were exported in August 2024 at an average price of $4.41/kilo, US dollar cents 14 higher than $4.27/Kilo in July 2024, and $1.68 higher than $2.73/kilo in August 2023.

This reflected an increase of 13.15 per cent and 82.98 per cent in quantity and value respectively compared to the same month last year. Farm-gate prices for Robusta Kiboko averaged Shs6, 250 per kilo; frequently Asked Questions (FAQ) Shs12, 500 per kilo, Arabica parchment Shs12, 750 per kilo and Drugar Shs11, 500 per kilo.

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