LONDON: Rwanda’s coffee export revenues dropped by 5.17 per cent to $60.7 million last fiscal year, from $64.03 million registered the previous year, a new National Agricultural Export Board report indicates. This represents a decline of over $3 million in revenue, or 5.17 per cent, compared to the same period the previous year. The year’s earnings were also way below $76.2 million target the Board had projected.
The agro-export body attributed the decrease to the drop in global coffee prices over the reporting period. On average, prices for the beans have declined from $3.87 per kilogramme during the 2014 to 2015 coffee year to about $3 per kilo this year. However, the volumes exported increased to 19.6 million kilos over the period, up from 16.5 million kilogrammes exported the previous year.
