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Report Shows Drop In Ugandan Coffee Exports

Report Shows Drop In Ugandan Coffee Exports

Uganda has recorded a decline in both value and volume of coffee exports in April compared to the same period in 2022. This is according to the performance of the economy report for the month of May released by the Ministry of Finance.

Despite higher prices during the month, earnings from coffee exports fell by 16.1% compared to March 2023 due to lower coffee export volumes. The continued decline can partially be blamed on the earlier drought and reduced coffee exports to Sudan. The reduced export to Sudan mainly happened due to the ongoing conflicts in the region.

Furthermore, the ministry says that anticipation of more output from Brazil. This was expected to intensify in May 2023, also contributed to lower prices. This consequently affected the value of coffee exports.

However though, in the bigger picture, the value of merchandise exported in April 2023 increased by 59.3% compared to April. This happened mainly because of higher earnings from maize and mineral products exports.

The year-on-year increase in exports of mineral products follows the resumption of gold exportation in FY 2022/23. This had been put on hold the previous financial year.

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