{"id":63798,"date":"2024-01-01T08:01:44","date_gmt":"2024-01-01T08:01:44","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark"},"modified":"2024-01-01T08:42:17","modified_gmt":"2024-01-01T08:42:17","slug":"ugandan-coffee-receipts-close-to-the-1b-mark","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark","title":{"rendered":"Ugandan coffee receipts close to the $1b mark"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Uganda\u2019s coffee export earnings moved closer to the $1 billion dollar mark in 2023 amidst a notable increase in production volumes and improved coffee prices witnessed during the second half of the year coupled with intense competition among foreign buyers.<\/b><\/p>\n

Total coffee export revenues rose from $883.3 million during the period November 2021-October 2022 to $952.24 million during the period November 2022-October 2023 according to latest data published by the Uganda Coffee Development Authority (UCDA).<\/p>\n

Total coffee production similarly rose from 5.83 million, 60-kilogramme bags to 6.16 million, 60-kilogramme bags during the same period.<\/p>\n

Robusta coffee harvests retained dominance in the production basket, accounting for more than 70 percent of the country\u2019s overall coffee output.<\/p>\n

Local coffee prices experienced notable growth during the second half of 2023; a sign of rising global demand and positive quality assessments tied to the country\u2019s coffee crop.<\/p>\n

Average coffee prices for Robusta Kiboko coffee stood at Ush3,900 ($1.03) per kilogramme in October 2023 while Fair Average Quality Robusta coffee fetched Ush7,650 ($2) per kilo during the same period.<\/p>\n

The average market price for Arabica parchment stood at Ush9,250 ($2.45) per kilo in October while Drugar fetched Ush8,250 ($2.20) per kilo, the UCDA report shows.<\/p>\n

Competition among coffee buyers apparently triggered a slight decline in the overall muscle attributed to dominant, overseas coffee traders.<\/p>\n

\u201cThe top 10 buyers held a market share of 67 percent of total exports, lower than 71 percent the previous month. Louis Dreyfus led with a market share of 13.93 percent compared with 8.93 percent in September 2023. There were changes in the relative positions of the first 10 major buyers reflecting competition among buyers due to continued demand for Uganda coffee abroad…\u201d reads part of the report.<\/p>\n

Other leading foreign coffee buyers in the Ugandan market are Sucafina with an 11.02 percent market share followed by Volcafe with 8.7 percent. Olam International holds a 7.37 percent market share in the foreign coffee buyers\u2019 market while Bernhard Rothfos holds a 6.86 percent share.<\/p>\n

Italy is the largest consumer of Uganda coffee with a 28.95 percent share of volumes followed by Germany with 17.19 percent in October 2023. Others include Spain, India and Algeria with market share of 9.74 percent, 7.4 percent and 5.56 percent respectively.<\/p>\n

\u201cErratic supply patterns, climate change and increased domestic coffee consumption in some leading producer countries led to higher coffee prices during the second half of 2023. For example, Brazil produces about 60 million bags of coffee per year but is delivering only 18 million bags to the international market today while the balance is consumed locally. Uganda coffee output levels and export revenues might remain quite stable next year because of reasonable demand patterns in the international market towards Ugandan coffee,\u201d says Robert Byaruhanga, Managing Director at Funzo Coffee Ltd.<\/p>\n

\u201cCoffee prices are likely to increase further as more people join the parchment business as well,\u201d said Aziz Kasirye, a local coffee supplier.<\/p>\n

Kyagalanyi Coffee Ltd was ranked the country\u2019s biggest coffee exporter with a market share of 16.39 percent by end of October 2023 followed by Louis Dreyfus Company Uganda Ltd with a 14.01 percent market share.<\/p>\n

Other leading exporters are Ugacof Uganda Ltd with a 10.66 percent market share while Ideal Quality Commodities Ltd holds a 9.15 percent market share. Olam Uganda Ltd held a market share of 7.37 percent by close of October 2023 according to UCDA figures.<\/p>\n

\u201cMost of the new coffee farmers received their tree seedlings through government programmes. But issues of seed varieties and planting techniques were never properly addressed by the relevant authorities. As a result, many of the coffee tree seedlings allocated by government got stunted after two years in the garden and the affected farmers have given up. But nonetheless, coffee remains the biggest crop earner in this country,\u201d observed Sam Mugenyi, a coffee farmer and hotel owner.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Uganda\u2019s coffee export earnings moved closer to the $1 billion dollar mark in 2023 amidst a notable increase in production volumes and improved coffee prices witnessed during the second half of the year coupled with intense competition among foreign buyers. Total coffee export revenues rose from $883.3 million during the period November […]<\/p>\n","protected":false},"author":84,"featured_media":63797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,258],"tags":[233,240,234],"class_list":["post-63798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nUgandan coffee receipts close to the $1b mark - Uganda<\/title>\n<meta name=\"description\" content=\"Uganda\u2019s coffee export earnings moved closer to the $1 billion dollar mark in 2023 amidst a notable increase in produ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ugandan coffee receipts close to the $1b mark\" \/>\n<meta property=\"og:description\" content=\"Uganda\u2019s coffee export earnings moved closer to the $1 billion dollar mark in 2023 amidst a notable increase in produ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-01T08:01:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-01T08:42:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704085723.107817.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ugandan coffee receipts close to the $1b mark\",\"datePublished\":\"2024-01-01T08:01:44+00:00\",\"dateModified\":\"2024-01-01T08:42:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\"},\"wordCount\":623,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/01\/sm_1704085723.107817.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ugandan-coffee-receipts-close-to-the-1b-mark\",\"name\":\"Ugandan coffee receipts close to the $1b mark - 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