Sales of Rwanda’s coffee abroad have been hit by hot competition from other coffee producers around the world, although the country has seen an overall increase in its export revenues.
Between January and October receipts amounted to US$44,723,043 million compared to US$61,339,958 million for the same period in the 2011.
The statistics are from the National Agricultural Exports Board (NAEB) and the Rwanda Development Boad (RDB). It is believed the figures for the final two months of 2012 will not have done enough to bridge the deficit gap.
Coffee and tea are two of Rwanda’s major export commodities. 2012 was anticipated to be a bumper season, but the fall in exports has been blamed on a fall in prices prompted by over supply on the international market,
Targets for production set out in the Rwanda Coffee Strategy for 2009-2012 was hoped to be 33,000 tons of coffee with 19,000 tons of this fully washed and expected to generate receipts of $115 million.
There are some 500,000 coffee producing families in Rwanda and Rwandan coffee s among the top rated coffees in the US, European and the Asian coffee markets.
The taste of Rwanda coffees has outperformed many of the coffees that are delivered to different international coffee markets because of its balanced flavour, aroma and fruity tastes.
A report from the NAEB reveals "Coffee prices have fallen sharply in 2012 as a result of increased production”.
Global forecasts predict production to total 132.7 million bags for the 2011/2012 and coffee consumption last year grew by 0.5 percent to 137.9 million bags, which was below the 10-year average of 2.3 percent.
Rwanda’s total exports earnings for January to October saw a 22 percent increase from S$315 million In 2011 to US$385 million for the same period last year.