WASHINGTON: Rwanda’s total tea export revenue increased by 16.25 per cent to $70.7 million during 2015/16 fiscal year compared to $60.8 million the previous year, the National Agricultural Export Board (NAEB) has indicated in a new report.
NAEB attributed the increase to the high volume of tea sold in 2015/16 compared to 2014/15 and better prices on international market since March 2015. According to the report, Rwanda exported 24.9 million kilos of green tea over the year. On average, prices increased to about $2.85 per kilo during the 2015/16 fiscal year compared to $2.48 per kilo the previous year.
The country has so far exported more than 14.4 million kilos of ‘made tea’ since January of this year alone fetching more than $36.2 million. Over 26.3 million kilogrammes of ‘made tea’ were produced between July 2015 and June 2016 compared to 25.6 million kilos recorded over a similar period the previous financial year, indicating an increase of 2.46 per cent.
