Uganda’s May coffee export earnings fall 38% as prices and shipments decline
Uganda earned US$151.7 million from coffee exports in May, down about 38% from a year earlier, as export volumes and international prices fell. Shipments dropped more than 22% to 617,491 60kilogram bags. Prices eased as expectations for a larger harvest in Brazil weighed on the market. Coffee remains Uganda’s largest agricultural export and leading source of foreign exchange.