Uganda’s May coffee export earnings fall 38% as prices and shipments decline
AI Market Summary
Uganda's May coffee export earnings fell 38% y/y alongside a 22% drop in volumes, with softer global prices cited as Brazil harvest expectations improved. As Africa's largest exporter, weaker Uganda receipts underscore how quickly supply outlook shifts can pressure coffee benchmarks and related trade flows. Near-term market focus stays on Brazil/Vietnam weather and shipment dynamics, keeping coffee pricing sensitive to incremental supply signals.
Impact level
● Low
Affected assets
NCCOCOFFEE2USD/USDT+13.87%
AI Insight · NCCOCOFFEE2USD/USDTAI Insight
▼ Bearish
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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.
