WASHINGTON: Rwanda’s coffee export revenues dropped by 5.17% to 60.7 million dollars last fiscal year from 64.03 million dollars registered the previous year, a new National Agricultural Export Board report indicates. This represents a decline of over 3 million dollars in revenue, or 5.17% compared to the same period the previous year. The year’s earnings were also way below 76.2 million dollars 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 dollars per kilogramme during the 2014 to 2015 coffee year, to about 3 dollars per kilo this year. But the volumes exported increased to 19.6 million kilogrammes over the period, up from 16.5 million kilogrammes exported the previous year.
