allafrica.com 29 Jan, 2021 06:30 am

Rwanda's Agriculture Export Revenues Drop By 5.5%

Rwanda generated $113.9 million from agriculture exports in the second quarter of the 2020/21 fiscal year compared to $120.6 million in the same period last year.

The data reflects production, export volumes and generated revenues from agricultural commodities in the months of October, November and December 2020.Tea exports drop, lower prices to blame The report indicates that tea export volumes increased by 4.However, export volumes went down by 14 per cent from 7,865 tonnes to 6,763 tonnes mainly because of the reduced market as a result of the Covid-19 pandemic, hence leading to large quantities of output that were not exported.An example is the reduction of coffee export volumes which is attributed to the shortage of business deals between exporters and buyers as a result of lockdowns imposed by countries to contain the spread of the pandemic.

For instance, in this second quarter under review, pyrethrum produce attracted new markets of South Korea while for flowers and fruits, a number of great initiatives to expand their production and export volumes took place, new markets were penetrated.The figures, which were announced by the National Agricultural Export Development Board (NAEB), Thursday, January 28, reflect a 5.

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