The world has more reasons to enjoy Ugandan coffee considering that its value has grown by 98.68% in the past one year.
The Uganda Coffee Development Authority (UCDA), the country’s coffee quality controller, in a Friday statement said the quantity had also increased by 25.15% in one year.
“A total of 821,593 60-kilo bags of coffee valued at US$ 210.48 million were exported in July 2024 at an average price of US$ 4.27/kilo, US cents 21 higher than US$ 4.06/Kilo in June 2024, and US$ 1.56 higher than US$ 2.71/kilo in July 2023,” UCDA noted
“This was an increase of 26.15% and 98.68% in quantity and value respectively compared to the same month last year,” the authority added.
UCDA said in the same month of last Year (July 2023), Robusta increased by 22.16% and 112.07% in quantity and value respectively, while Arabica exports decreased by 17.92% and 0.73% in quantity and value respectively.
“Coffee exports for twelve months (August 2023-July 2024) totaled 6.30 million bags worth US$ 1.25 billion compared to 5.84 million bags worth US$ 868.53 million in the previous year (August 2022- July 2023). This represents an increase of 7.94% and 43.94% in quantity and value respectively,” UCDA reported.
The country’s biggest exporters in July were Ugacof (U) Ltd, which had the highest market share of 16.26% compared to 15.20% in June 2024. It was followed by Olam Uganda Ltd 10.50% (9.28%).
The other exporters included: Louis Dreyfus Company (U) Ltd 8.41% (6.42%), Export Trading Company (U) Ltd 6.39% (5.73%), Ideal Quality Commodities Ltd 6.00% (6.90%), Touton Uganda Limited 5.76% (5.88%), Kawacom (U) Ltd 5.52% (3.96%), Ibero (U) Ltd 5.30% (4.49%), Kyagalanyi Coffee Ltd 5.13% (5.29%), and JKCC General Supplies Ltd 4.59% (4.34%).
In terms of market, the destinations of Uganda’s coffee exports during the month of July 2024 were; Italy, which maintained the highest market share with 40.68% compared to 41.96% last month. It was followed by Germany 15.75% (10.55%), Sudan 5.41% (6.87%), India 5.26% (7.41%) and Netherlands 4.14% (3.56%).
“The first 10 major destinations of Uganda coffee took a market share of 88.97% compared to 88.83% last month. Coffee exports to Africa amounted to 112,713 bags, a market share of 14% compared to 79,433 bags (12%) the previous month,” UCDA said.
“African countries that imported Uganda coffee included Sudan, Morocco, Algeria, Egypt, Kenya, Tunisia and South Africa. Europe remained the main destination for Uganda’s coffees with a 72% imports share, higher than 69% in June 2024,” the authority explained.
