Uganda, April 14 -- Coffee earnings have hit $50.5m (Shs187b), the highest performance in more than three years.
According to a report by Bank of Uganda, coffee earnings in February grew by Shs40b up from $39.7m (Shs146b) earned in January, which indicated a 21.4 per cent increase.
Mr Emmanuel Iyamulemye, the Uganda Coffee Development Authority managing director, yesterday said the performance could have been an increase in prices, which rose to the highest average since 2017/18.
Uganda produces and exports two brands of coffee mainly Robusta and Arabica.
Robusta takes more than 80 per cent of the market share while Arabica takes the remaining 20 per cent share.
The Bank of Uganda report indicates that during the period, Uganda exporte...