East Africa: Uganda, Ethiopia Coffee Exports Dip – Ico Report
- By Dorothy Nakaweesi
Uganda and Ethiopia, Africa’s leading coffee exporters suffered a decline in shipment in the first four months of the coffee calendar amidst global falling prices.
- According to latest records from the International Coffee Organisation (ICO), Uganda – the largest exporter in Africa, recorded an 8.8 per cent to 1.47 million bags from October 2018 to January 2019.
- The daily composite indicator reversed gains made in January, falling from an average of 103.32 US cents of a dollar in the first week of February to a low of 97.44 US cents of a dollar by the end of February.
- Meanwhile, the price of Kenya’s coffee at the auction dipped further, shedding 32 per cent of its value since January as international prices remain low.
Read full article: allafrica.com