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Markets

Uganda coffee exports up 12pc yr/yr in March

Published Updated

imageKAMPALA: Uganda's coffee exports in March rose by 11.9 percent year-on-year to 348,423 60-kg bags, helped by end-of-season stockpile clearance, a source at the state agency said on Friday.

"We're soon moving into a new season... perhaps most exporters wanted to clear out their stores so they have more room to accommodate the new crop," said a source at the state-run Uganda Coffee Development Authority (UCDA).

Harvest season is now at the tail end in central and eastern Uganda regions while south and south west are about to start harvest.

UCDA said March exports fetched $38.9 million vs $38 million earned in the same month a year ago.

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