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Uganda coffee exports seen rising 3pc in 2014/15 season KAMPALA: Uganda's coffee exports are likely to rise by 3 percent to 3.6 million 60-kg bags of the beans in the 2014/15 (Oct-Sep) crop year largely due to good weather and attractive prices.Uganda, Africa's number one exporter of coffee and which predominately cultivates the robusta variety, expects 2013/14 exports to hit a forecast for the season of 3.5 million bags.By the end of July, Uganda had shipped 3 million bags since the beginning of the season.David Muwonge, head of marketing and production at the National Union of Coffee Agribusinesses and Farm Enterprises (NUCAFE), said on Monday that there was a marginal risk of a harsh dry spell between January and March that could affect the crop, but did not expect this to affect the overall output."I am expecting the above-normal rains we're getting now should really yield a strong harvest. That should enable us to hit 3.6 million bags," he ...

Uganda coffee exports seen rising in 2014/15 season KAMPALA: Uganda's coffee exports are likely to rise by 3 percent to 3.6 million 60-kg bags of the beans in the 2014/15 (Oct-Sep) crop year, an industry official said on Monday. The coffee exports will rise on the back of favourable rains and good farmgate prices, David Muwonge, head of marketing and production at the National Union of Coffee Agribusinesses and Farm Enterprises (NUCAFE), told Reuters.Copyright Reuters, 2014 ...
Saudi Arabia says buys 610,000 tonnes of hard wheat ABU DHABI: Saudi Arabia bought 610,000 tonnes of hard wheat in a tender for shipment periods between Dec. 1 and Jan.30 , the Grain Silos and Flour Mills Organisation (GSFMO) said on Monday. The accepted origins are the European Union, North and South America and Australia at the sellers' option, the GSFMO said. The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes ...
Saudi Arabia says seeking 550,000 tonnes of hard wheat ABU DHABI: Saudi Arabia's state grain buyer, the Grain Silos and Flour Mills Organisation (GSFMO), said on Thursday it was seeking 550,000 tonnes of hard wheat in a tender. The wheat is for shipment during December and January, Waleed el Khereiji, Director General of GSFMO said.Of the total, 275,000 tonnes are for shipment to the port of Jeddah and 275,000 tonnes are for Dammam. The deadline for offers is Friday, he said.Copyright Reuters, 2014 ...
Top price of Kenyan tea dips at auction NAIROBI: The maximum price of Kenya's highest quality tea fell to $3.52 per kg at auction this week from $3.73 per kg last week, Africa Tea Brokers said on Tuesday. The east African nation is the world's leading exporter of black tea, and the crop is a leading foreign exchange earner for the economy, together with horticulture and tourism. Best Broken Pekoe Ones (BP1s) sold at $2.20-3.51 per kg during the sale held on Monday ...
Top price of Kenyan tea dips at auction NAIROBI: The maximum price of Kenya's highest quality tea fell to $3.52 per kg at auction this week from $3.73 per kg last week, Africa Tea Brokers said on Tuesday.The east African nation is the world's leading exporter of black tea, and the crop is a leading foreign exchange earner for the economy, together with horticulture and tourism.Best Broken Pekoe Ones (BP1s) sold at $2.20-3.51 per kg during the sale held on Monday and Tuesday, ...
Cameroon cocoa output slips 8 percent in 2013/14 season YAOUNDE: Cameroon's 2013/14 cocoa production slipped more than 8 percent to 209,905 tonnes compared with 228,948 tonnes the previous season, National Cocoa and Coffee Board (NCCB) data obtained on Friday showed. Cocoa bean exports from the world's fifth largest producer fell nearly 20 percent to 158,000 tonnes from 196,788 tonnes in the 2012/13 season. There were 5,828 tonnes of remaining stocks of beans at the end of the season on July 31. "We had expected ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln