Uganda’s April Coffee Revenue hits $84m

HABARI DAILY I Kampala, Uganda I Uganda’s coffee revenue from Coffee exports in April 2024, amounted to 390,977 60-kilo bags, worth $84.80m. This comprised of 290,037 bags of Robusta valued at $61.49m and 100,940 bags of Arabica valued at $23.31m.

A statement issued by the Uganda Coffee Development Authority (UCDA) says that there was an increase of 4.84% and 41.71% in quantity and value respectively compared to the same month last year.

“By comparing quantity of coffee exported by type in the same

month of last Year (April 2023), Robusta increased by 21.72% and 95.85% in quantity and value respectively, while Arabica exports decreased by 25.02% and 18.05% in quantity and value respectively,” reads part of the report.

The monthly coffee exports volume was higher than the previous year and this was in Robusta as the newly harvested main crop from Masaka and South Western regions began to reach the market.

Arabica exports were however lower than last year due to a smaller harvest in the Elgon region.

Ugandan coffee beans

UCDA further says that coffee exports for the twelve months (May 2023-April 2024) totaled 5.92 million bags worth $1.02b compared to 5.73 million bags worth $838.81m in the previous year (May 2022-April 2023).

“This represents an increase of 3.38% and 21.45% in quantity and value respectively,” it says.

It adds that the average export price was $3.62 per kilo, US cents 35 higher than in March 2024 ($3.27). It was 95 US cents higher than in April 2023 ($2.67/kilo). Robusta exports accounted for 74% of total exports, the same as March 2024.

The average Robusta price was $3.53 per kilo, 40 cents higher than $3.13 per kilo the previous month. The highest price was for Organic Robusta sold at $4.63 per kilo, followed by Screen 18 sold at $3.85 per kilo.

“The share of Sustainable/washed coffee to total Robusta exports was 1.09% compared to 0.46% in February 2024. Arabica fetched an average price of $3.85 per kilo US cents 18 higher than the previous month ($3.67). The highest price was Organic Drugar sold at $6.47 per kilo. It was followed by sustainable Arabica sold at $5.30 per kilo,” further reads the report.

It said Drugar was sold at $3.91 per kilo, 37 cents higher than 3.54 per kilo last month and was US cents 14 lower than Bugisu AA. Drugar exports were 53% of total Arabica exports higher than 42% the previous month. The share of sustainable Arabica exports to total Arabica exports was 7.67% compared to 15.21% in March 2024.

Individual Exporter Performance

Of the top 10 export companies’ performance in the month of April 2024 shows Olam Uganda Ltd as having had the highest market share of 9.67% compared to 8.64% in March 2024.

It was followed by Ugacof (U) Ltd at 7.86%, Kyagalanyi Coffee Ltd at 7.77%, Ideal Quality Commodities Ltd at 7.27%, Kawacom (U) Ltd at 6.95%, and Ibero (U) Ltd at 6.09%.

These were followed by Export Trading Company (U) Ltd at 6.07%, Louis Dreyfus Company (U) Ltd at 5.57%, JKCC General Supplies Ltd at 5.47%, and Besmark Coffee Company Limited at 5.44% (4.01%).

The top 10 exporters held a market share of 68%, lower than 69% the previous month reflecting competition at exporter level.

UCDA said that out of the 54 exporters who performed, 16 exported Robusta Coffee only while 12 exported Arabica coffee only. Annex 2 shows a detailed list of exporters’ performance in April 20Coffee Exports By Destination

Italy maintained the highest market share with 43.87%

compared to 38.08% last month. It was followed by India

at 8.08%, U.S.A at 7.00%, Germany at 6.89% and Belgium 6.76% (7.42%).

UCDA revealed that the first 10 major destinations of Uganda coffee took a market share of 86.93% compared to 89.27% last month.

“Coffee exports to Africa amounted to 24,583 bags, a market share of 6% compared to 33,328 bags (10%) the previous month. African countries that imported Uganda coffee included Morocco, Sudan, South Africa, Kenya, and Egypt,” it reads.

A Ugandan farmer harvesting coffee

Europe remained the main destination for Uganda’s coffees with a 69% imports share, higher than 66% in March 2024.

Foreign buyers of Uganda Coffee

The top 10 buyers held a market share of 59% the same as the previous month. Olam International led with a market share of 9.76% compared to 9.16% in March 2024. It was followed by Sucafina 8.44%, Ecom Agro Industrialist 6.32%, Bernhard Rothfos 6.17% (7.33%), and Eurocaf SRL 5.68%. Others included Louis Dreyfus 5.65%, Touton SA 5.38%, Volcafe 5.11%, Bercher Coffee Consulting 3.87% and ETG Commodities 3.40%

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