Coffee Futures prices - Uganda Coffee exports October 2015 : The Uganda Coffee Development Authority have reported that the countries coffee exports for the month of October were 5,584 bags or 2.43% lower than the same month last year, at a total of 223,858 bags. These exports were in terms of value US$ 7,724,265.00 or 25.2% lower than the same month last year, at a total of US$ 22,933,326.
This dip in value for the coffee exports for the month of October in terms of U.S. dollars is however not as harsh as its face value, as in the meantime the Uganda shilling has suffered from a significant devaluation against the U.S. dollar and in terms of local currency the October 2015 exports were only approximately 0.5% lower than the value of the exports in October 2014.
There is however a rising inflation rate in Uganda that is now in excess of 8% per annum, which does mean that farm gate income for the Uganda coffee farmers is starting to decrease, which could start having a negative impact upon sentiment and in farm investment upon the farmers. Unless there is soon to be some improvement in the reference prices of the international coffee prices, which is so far not looking to be a factor for the short term.
This dip in value for the coffee exports for the month of October in terms of U.S. dollars is however not as harsh as its face value, as in the meantime the Uganda shilling has suffered from a significant devaluation against the U.S. dollar and in terms of local currency the October 2015 exports were only approximately 0.5% lower than the value of the exports in October 2014.
There is however a rising inflation rate in Uganda that is now in excess of 8% per annum, which does mean that farm gate income for the Uganda coffee farmers is starting to decrease, which could start having a negative impact upon sentiment and in farm investment upon the farmers. Unless there is soon to be some improvement in the reference prices of the international coffee prices, which is so far not looking to be a factor for the short term.
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