Exports of coffee from Uganda might be slashed by 30 percent because inclement weather prompted poor yields from the harvest, according to the Uganda Coffee Development Authority.
Bloomberg reports Uganda exports of robusta beans are set to drop from 2010 figures of 262,793 bags to 185,000 bags this year. Each bag weighs about 132 pounds. Ethiopia is Africa's top grower of coffee and Uganda places second. Robusta beans are 85 percent of Uganda's coffee output, representing a $243.6 million cash crop in 2010.
In 2009, the harvest was worth $291.3 million, according to the authority.
In January, earnings from exports of coffee increased 19 percent over the same period one year prior because of prices throughout the globe improved.
Significant amounts of rain interrupted the harvesting process last month as the wet weather obstructed harvesting and drying of the beans. Consequently, crops were subject to mealy bugs and twig borers, according to the authority.
Just prior to noon on Tuesday, coffee futures were down 0.50 percent, a 1.25 cent decrease to $248.50 per pound.
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