All data is delayed
See More

Burundi tea earnings up 18%

Jan 17 2013 15:25
Bujumbura - Burundi's tea export revenues rose 18% in 2012 from a year before due to sharp rises in both volumes and prices, a tea board official said on Thursday.

Tea is the central African country's second-largest hard currency earner after coffee, and supports some 300 000 smallholder farmers in the nation of 8m people.

The tiny landlocked country's state-run tea board said January to December earnings climbed to $26.3m from the export of 8 760.671 kg, up from $22.2m earned in 2011 from the sale of 7 964.373 kg.

"Tea output increased in 2012 due to good rains and this enabled the county to export high quantities of the commodity," said Joseph Marc Ndahigeze, an officer in charge of exports.

"Overall earnings also rose due to a stronger regional market depending on a fall in cumulative production of the Kenyan tea," he told Reuters.

Ndahigeze said the export average price per kg reached $3.00, up from $2.80 in 2011.

Monthly revenues also rose to $1.54m in December last year from $1.08m collected the same month in 2011.

Burundi exports 80% of its tea through a regional weekly auction held in Kenya's Indian Ocean port city of Mombasa.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy 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
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote