• Time to join war effort

    It may be time to join Eskom in its War Room efforts, says Matthew le Cordeur.

  • Foreign friends

    Immigrants bring a powerful injection of energy and talent to SA, says Mandi Smallhorne.

  • Top 10 user comments

    Eskom attracts lively commentary, but other issues also stimulated debate.

Loading...
See More

Burundi coffee revenues fall 29%

Nov 20 2012 17:54 Reuters

Related Articles

Kenya coffee eyes new golden era

Starbucks sees higher 2011 coffee costs

Share price jump for India's Tata Coffee

Starbucks to develop farm in China

Smell the coffee

Starbucks headed for SA

 
Bujumbura - Burundi's coffee revenues fell 29% in October from the month before, tracking lower international prices, the country's industry regulator said on Tuesday.

The producer earned $3.9m from the sale of 1 205 919 kg down from $5.5m collected in September from the export of 1 543 380 kg.

"In October, buyers were so reluctant due to a weaker world market and this has had a negative impact on earnings," said regulator ARFIC in its monthly report.

ARFIC fears lower prices for Burundi's Arabica coffee in the next two months as most buyers in western countries will be in vacation for the New Year season.

Burundi forecasts revenues for the current 2012/13 season at $61.4m, a bit closer to $61.2m earned in the 2011/12 crop. The expected high supply of the commodity from top world producers like Brazil, Vietnam and Colombia should weaken prices on global markets, says regulator ARFIC.

Coffee is Burundi's top hard currency earner and employs some 800 000 smallholder farmers in a population of 8 million.
burundi  |  coffee

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Karl Lagerfeld spotted with custom gold Apple Watch

Fashion designer Carl Lagerfeld has just proved that fashion and tech can indeed go together!

 
 

Luxury living

WATCH: Private luxury island for sale!
The most luxurious dog house!
Must see: The world’s most expensive timepiece
Exciting new luxury SUV arrives in SA!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...