BUJUMBURA (Reuters) - Burundi's earnings from coffee exports fell 63 percent in December from the previous month due to lower volumes sold, the country's industry regulator said on Monday.
"Low quantities of coffee were exported in December as most buyers in western countries were off for the holidays," said regulator ARFIC in its monthly report.
Earnings dropped to $2.1 million from $5.7 million in November, as the amount of coffee sold tumbled to 896,547 kg from 1,671,638 kg in the previous month.
ARFIC expects the central African nation to earn a total of$61.4 million from coffee exports during the 2012/2013 (April-March) crop year, slightly up from $61.2 million earned in the 2011/2012 season.
Projected high output from the world's top producers like Brazil, Vietnam and Colombia could lower coffee prices in global markets, ARFIC said.
Coffee is the country's top hard currency earner and the sector employs some 800,000 smallholder farmers in a population of eight million.
"Low quantities of coffee were exported in December as most buyers in western countries were off for the holidays," said regulator ARFIC in its monthly report.
Earnings dropped to $2.1 million from $5.7 million in November, as the amount of coffee sold tumbled to 896,547 kg from 1,671,638 kg in the previous month.
ARFIC expects the central African nation to earn a total of$61.4 million from coffee exports during the 2012/2013 (April-March) crop year, slightly up from $61.2 million earned in the 2011/2012 season.
Projected high output from the world's top producers like Brazil, Vietnam and Colombia could lower coffee prices in global markets, ARFIC said.
Coffee is the country's top hard currency earner and the sector employs some 800,000 smallholder farmers in a population of eight million.
Burundi coffee earnings fall 63 pct in December
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Burundi coffee earnings fall 63 pct in December
