Rwanda, Jan 19 – Last year, Rwanda coffee export revenue recorded $59.8 million in receipts, a massive $6 million rise from the previous earning in the hitherto year. The 11.1 per cent growth was recorded in the reports published by the National Agricultural Export Board (NAEB).
The key factor that led to the country’s scintillating performance was the favourable prices in the global market. NAEB indicated in the report that despite a decrease in the coffee volumes, the country was able to record good results for the first 11 months of 2017.
The agricultural sector has been given preeminence in the East Africa country as it is responsible for producing a strong economy. Coffee is the main cash crop that has remained competitive in the global market and given much support for the country’s foreign revenue.
The news offers a fresh breath of air in the coffee sector with the farmers convinced more than ever that the year will be better for them. With the country’s GDP outlook tipped to rise too, there is more to hope for from the industry.
The Government wants to inculcate better farming practices for the farmer to be able to harvest bountifully and contribute to the local GDP and economic growth. Fertilizers and chemicals would be a huge boost for them to improve their quality.
Rwanda’s coffee is attracting interest from wider markets including Japan that has been a longtime admirer of the sub-Saharan commodity. The government is under pressure to deliver to the desired standard for Japan, another large coffee producer in the world.
The international market will demand more from coffee players who need to be up to date to maintain their spots in the production. The Coffee forum set to be held in Uganda will involve a number of key players and representatives ready to give insights on how to make the coffee cultivation effective this year regardless of the challenges.
Coffee farmers have worked closely with cooperatives to curb the challenges they face as they continue to serve the country’s GDP with their produce. A number of farmers have received extension services such as training but on limited occasions.
Savings and credit services would be ideal services with such revenue coming in, for farmers to build their financial lives and plan accordingly how to manage their financial resources to improve their status.
Coffee export has accounted for close to 24 per cent of the country’s GDP in the last 10 years and remains adamant to support the economy of Rwanda. It plays a greater role as tourism and remittances in terms of raking revenue for the Parliament.