The Uganda Coffee Development Authority, July 2024 report, has revealed that a total of 821,593 bags valued at US$ 210.48m were exported, the highest figure ever exported in a single month.
This was an increase of 26% & 97% in quantity & value respectively, compared to the same month last year.
This comprised of 722,444 bags of Robusta valued at US$ 198m & 49,149 bags of Arabica at US$ 12.48m. Monthly exports were higher than the previous year and this was seen in Robusta exports as the newly harvested crop from Greater Masaka and South Western regions reached the market.
The average export price was US$ 4.27 per kilo, US cents 20 higher than in June 2024 (US$4.07). It was US$ 1.56 higher than in July 2023 (US $ 2.71/kilo).
Robusta exports accounted for 94% of total exports, higher than 92% in June 2024. Average Robusta price was US$4.27 per kg.
Italy 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. 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.
Local Situation
During the month of July 2024, farm gate prices ranged from Shs 5,800-6,000/= per kilo of Kiboko (Robusta dry cherries); Shs.11,500- 12,500/= for FAQ (Fair Average Quality); Sh. 12,500- 13,000/= for Arabica Parchment; and Sh. 10,500-11,500/= per kilo for Drugar. Compared to the previous month, Robusta Kiboko averaged UGX lower than UGX 12,500 Arabica parchment UGX 12,750 per kilo the same as the pervious month Drugar UGX 11,000/= per kilo lower than UGX 11,500 per kilo higher than the previous month.
Global Situation
World coffee production for 2024/25 is forecast to increase by 7.1 million bags from the previous year to 176.2 million due primarily to continued recovery in Brazil and rebounding output in Indonesia.
With additional supplies, global exports are expected to increase by 3.6 million bags to 123.1 million primarily on strong shipments from Indonesia and Brazil.
Consumption is seen to be 3.1 million bags higher to 170.6 million. Ending stocks are expected to rise by 1.9 million bags to 25.8 million following 3 years of decline. (United States Department of Agriculture, Coffee: World Markets and Trade.
Coffee Outlook for August
Coffee exports are projected to be 720,000 60-kilobags as the main harvest season south of the equator (Masaka and South Western regions) winds up.
