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Tea exports rake in Rwf67bn during first 11 months of 2017

Published on January 17, 2018

Rwanda's tea export receipts increased to $78.1 million (about Rwf67.2 billion) during the first 11 months of 2017, up from nearly $57.4 million (Rwf49.4 billion) during same period in 2016, the National Agricultural Export Board (NAEB) report indicates. This indicates an increase of 36.16 per cent, which represents about $20.7 million growth in earnings, according to the report for November 2017.

The export body attributed the increase in export revenue to the high volume of tea sold during the period as well as a rise in global prices. Global tea prices averaged $3.21 per kilogramme during the reporting period compared to $2.56 per kilo in 2016. Read more. Source | New Times