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Uganda coffee exports up - July 2011 Report
Tuesday July 19, 2011
Coffee exports from Uganda, one of Africa's leading exporters of the beans, is expected to rise by 20.2 percent in July from the same month a year ago, the state-run Uganda Coffee Development Authority said on Monday.
The regulator said the nation, east Africa's third largest economy, is forecast to ship 320,000 60-KG bags of coffee this month from 266,245 bags in July last year.
"Coffee exports in July 2011 are projected at 320,000 bags as harvesting intensifies; and farmers selling off their coffee reserves to benefit from the good prices," UCDA said in the report.
Bean exports in June rose to 370,924 60-kg bags, up from the month's forecast of 265,000 bags and earnings more than doubled to $53 million from $23.03 million in June 2010.
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