Rwanda tea revenue climbs 43% on higher prices, rising exports

The UK was the biggest buyer of East African nation’s tea, followed by Pakistan, Egypt, Yemen and…Somalia.

RWANDA tea exports surged 43% in the first nine months of the year on higher prices and increased volumes, according to the National Agricultural Export Development Board.

Total shipments increased to $57.8 million in January through September from $40.5 million a year earlier, Ndambe Nzaramba, deputy director-general for export operations and market development, said Tuesday in an interview in the capital, Kigali.

Export volumes increased to 20.2 million kilograms compared with 17.6 million in 2014, while the average price received rose to $2.87 per kilogram from $2.31.

The U.K. was the biggest buyer of the East African nation’s tea in the period, followed by Pakistan, Egypt, Yemen and Somalia, Nzaramba said.

Coffee shipments rose to $41.4 million for the first nine months from $40.9 million a year earlier, as a result of higher prices between January and May. Export volumes climbed to 13.1 million kilograms from 11.2 million kilograms because of expanded plantations, according to Nzaramba.

Average prices ranged from $3.14 to $3.82 per kilogram, compared with $2.14 to $2.66 for the same period a year earlier, he said.

-Bloomberg

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