Friday, 14 December 2012 17:07
BUJUMBURA: Burundi's coffee revenues rose 46 percent in November from the previous month on higher prices and export volumes, the country's industry regulator said on Friday.
The country earned $5.7 million from the sale of 1,671,638 kg versus $3.9 million it earned in October from the export of 1,205,919 kg.
"Coffee farmers were asked to produce Arabica beans of highest quality following an uncertain world market.
This resulted in the selling in November of an important quantity of speciality brands, boosting earnings," regulator ARFIC said in its monthly report.
ARFIC predicts revenues for the 2012/13 crop will inch up to $61.4 million from $61.2 million earned in the 2011/12 season.
Projected good harvests by top global producers like Brazil, Vietnam and Colombia, could lead to a drop in coffee prices on global markets, the Burundian regulator said.
Coffee is the country's top foreign exchange earner and the commodity provides a livelihood for 800,000 smallholder farmers in a nation of 8 million people.
Copyright Reuters, 2012