Poor Farmer

World Market Wakes Up and Smells Region's Exciting New Aroma Scola Kamau allAfrica.com November 8, 2010 Nairobi - The aroma of coffee from East Africa is permeating the world market, an indication of increased revenues, as supply from South and Central America take a nose dive. Coffee is among the leading contributors to the region's gross domestic product. According to Eastern African Fine Coffees Association (EAFCA), in 2008/2009, Uganda the leading exporter from the region and the second in Africa, earned $291.7 million from coffee exports while Kenya and Tanzania earned $141.8 million and $132.2 million respectively. Rwanda derived 22 per cent of its export revenues from the product, earning $42m in the same year. According to a report by the Africa Development Bank (AfDB) published last month title Telling Africa's Development Story, East Africa will reap from the increased Arabica prices that have seen a faster rise than Robusta. The trends in the composit...

“… market fundamentals continue to be favourable to firm coffee prices, a situation which would seem to be attributable to the growing concerns with short-term supplies while world consumption remains buoyant. With regard to producer stocks, a rebuilding is not expected to be possible in the near future as adverse weather conditions are affecting many producing areas and limiting production prospects.” - the International Coffee Organization (ICO). Below is the compressed version of the report. Read the complete report is found here . To download the report, click here . --- Monthly Coffee Market Report - October, 2010 ICO October 2010 Coffee prices during the month of October remained firm despite an overall fallback due to a decrease in Arabica prices. The monthly average of the ICO composite indicator price was 161.56 US cents per lb in October, a slight decrease of 1.3% compared to 163.61 US cents per lb in September. However, the ICO daily composite price recorded high ...