Coffee prices have risen by 50% since January, according to the International Coffee Organization. This is good news for East African countries and helps to increase farmers' income and national foreign exchange reserves. Coffee is one of the main foreign exchange earning products of the five countries of the Eastern Community [Kenya, Uganda, Tanzania, Burundi and Rwanda], especially Burundi.
East African countries benefit from rising international coffee prices
Brazil, the world's largest coffee producer, has suffered a drought and reduced coffee production, leading to a rise in international coffee prices.
Quick Answer
Brazil, the world's largest coffee producer, has suffered a drought and reduced coffee production, leading to a rise in international coffee prices.
Was this guide helpful?
0 people found this useful
