00:00:00 IGIHE NETWORK KINYARWANDA ENGLISH FRANCAIS

Rwanda generates nearly Rwf10 billion from coffee exports in one week

By IGIHE
On 10 October 2022 at 02:47

Rwanda’s coffee which is among the country’s cash crops generated US$9,023,072 (approximately Rwf9.6 billion) last week from exported 1,465 tons.

The average price was set at US$6.1/kg with major destinations being the United States of America (USA), the United Kingdom (UK), New Zealand, Belgium, and South Korea.

Generally, Rwanda’s agricultural exports generated US$14,991,271 last week (over Rwf16 million).

The revenues increased from coffee exports is relatively high compared to previous weeks where Rwanda earned US$4,089,844 from coffee exported in the week which ended on 26th September and US$3,314,427$ from the week that which ended on 3rd October this year.

Coffee export volumes also varied from 702 tons, 432 tons and 1465 tons respectively over the past three weeks.

Last week’s coffee was however sold at a lower price compared to the unit price of US$7.6/Kg in the previous week.

The National Agricultural Export Development Board (NAEB) has attributed the increase in coffee exports and revenues to expanded markets.

In the same week, Rwanda generated US$897,407$ from 311.7 tons of tea. Main destinations include Pakistan, the United Kingdom and Kazakhstan.

The country also earned US$679,252 from 487 tons of horticultural exports (fruits, vegetables and flowers) with the main countries of destination including the Netherlands, the United Kingdom, the United Arab Emirates (UAE) and DRC.

Meanwhile, animal products, cereals and flour generated US$239,771; US$1,013,591 while roots and tubers generated US$236,156.


Advertisement

YOUR OPINION ABOUT THIS ARTICLE

RULES AND REGULATIONS
Kwamamaza