Uganda’s coffee exports earnings hit $657 million in the year to October 2021, on the backdrop of adverse weather conditions and the global COVID-19 restrictions in the world’s biggest exporters like Brazil and supply disruptions around the world.
Data from the Uganda Coffee Development Authority (UCDA) shows that the country exported 6.55 million bags of coffee in the review period, compared with 5.41 million in the same period last year, which earned $513.79 million.
The increase in coffee exports is also attributed to government efforts in 2012 which saw millions of seedlings distributed to farmers to grow new bushes across the 98 coffee growing districts.
Italy maintained the highest market share of Uganda’s coffee imports followed by Algeria, Germany, the US and Belgium. Others were Sudan, Morocco, Egypt, and Kenya.
In October 2021, coffee prices reached new multi-year highs, as the monthly average of the International Coffee Organization composite indicator price was 181.57 US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in September 2021. These price levels during coffee year 2020/21 mark a significant recovery from the low levels experienced over the three preceding coffee years.