East African country Uganda has hit another milestone in the country’s economy, courtesy of improved agricultural results that have escalated its competition in the global market. The country settles as the second largest coffee producer after Ethiopia, in Africa but Africa’s leading exporter recorded a whopping 66 per cent increase in the commodity’s value, according to Uganda Coffee Development Authority (UCDA). UCDA added that they registered 38 per cent increase as well in coffee export.
The UCDA records showed that in the year closing September, the sub-Saharan nation exported 4.6 million kilogramme bogs pf coffee, a significant rise from a previous 3.3 million bags sold in the previous year.
Uganda benefited from these exports, with increase revenue of $217 million in comparison to the year 2016.
This is believed to be the highest export volume the country has ever recorded and a number of factors can highlight this achievement. The performance was catapulted by massive planting of seedlings to increase the chances of a better harvest. The campaign has paid off with great results culminating the entire process.
UCDA added that other stakeholders have had a fair share of participation in the same campaign that has positively impacted the country’s economy. New coffee planted is producing the beans and the export trade seems to be promising in the coming days.
Moreover, coffee farmers have been able to be responsible and accountable, another reason that has crowned the coffee trade export success in the country. They have taken a better initiative in handling the seedlings and co-operating with various partners. Their financial know-how has helped them see the importance of investment in their land and businesses to spur growth.
The coffee production is forecast to blossom more and more with renewed energy coming into place. The government is working hand in hand with the farmers and offering them the fully support that they need to see the flourishing of not only coffee but the entire agricultural produce. Coffee has been Uganda’s stronghold in generation of revenue and more has been invested into the field.
According to the International Coffee Organization (ICO), there could be a paradigm shift affecting the turnover of coffee. ICO has revealed there could be a global deficit status over time. The prices of coffee are set to decrease as the global performance on the commodity is not quite good.
However, there will be a slim increase in production despite the negativity around the agricultural produce atmosphere.