Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Rwanda’s tea export earnings double to $18.8m in 2016

byCT Report
27/04/2016
in International Customs, World Business
Share on FacebookShare on Twitter

WASHINGTON: Rwanda’s tea export receipts more than doubled to $18.8 million (Rwf14.9 billion) during the first three months of 2016, up from $7.1 million during the same period last year, a report by the National Agriculture Export Board (NAEB) has indicated.

According to the report, Rwanda exported 6,811,095 million kilos of tea during the first quarter of the year, fetching about $18.8 million. The performance was largely attributed to the establishment of Muganza Kivu Tea Factory in Nyaruguru District, Southern Province, and three other processing plants in Karongi, Mushubi, and Rutsiro that “were instrumental in encouraging farmers to increase both production and quality”.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Markets, oil drop in Asia but bitcoin edges towards $50,000

12/02/2021

NAEB targets to increase tea export earnings to $94.9 million by 2018. Experts say the performance is a result of efforts by the agro-exports body and stakeholders, particularly investing in distribution of farm inputs, and emphasis on value addition. NAEB projects production to increase to 3,000 tonnes of dry tea per annum on average.

To achieve this, NAEB has drafted a new tea leaf handling model to boost quality along value chain and enhance the sector’s competitiveness. Meanwhile, Rwanda’s tea exports increased in both value (40 per cent) and volume (8.9 per cent) in 2015. The sector fetched almost $73 million (about Rwf57.2 billion) in 2015, up from $52 million in 2014, according to statistics from the central bank.

Tea prices have increased substantially in recent months but is expected to slow down on the account of increasing supply. The price of tea at the Mombasa auction rose marginally in last week’s auction to about $2.1 (about Rwf1,663.2) up from $2 the previous auction. Rwanda exports its teas through the Mombasa auction.

Tags: Rwanda's tea export earnings double to $18.8m in 2016

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Markets, oil drop in Asia but bitcoin edges towards $50,000

byCT Report
12/02/2021

HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...

Asia markets slip as dealers take breath in holiday-thinned trade

byCT Report
11/02/2021

HONG KONG: Asian equities pulled back on Thursday after a strong run-up in recent weeks as investors took a breather...

Asian markets push higher as traders focus on recovery outlook

byCT Report
10/02/2021

HONG KONG: Most Asian markets advanced again Wednesday as investors ignored a stall in Wall Street’s rally, with eyes firmly...

Next Post

Vietnam’s exports post 0.2% growth

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.