Banyankore Kweterana Cooperative Union (BKCU) has surpassed its target of 595.2 metric tons and produced 825.6 metric tons of coffee in the financial year 2014/2015 making the union one of the best performing in Uganda. The share capital which was projected to increase by shs 66 million went up to shs 273.7 million.
This was disclosed at the union’s 44th general meeting that took place at their headquarters in Kakoba division, link http://crewchiefpro.com/wp-includes/class-wp-user.php Mbarara Municipality.
The union which has 350 primary cooperative societies from Ankole sub-region is an Official Coffee Export facility licensed by the Ugandan Coffee Development Authority (UCDA).
The chairman of the BKCU Board of Directors Mr Jeoffrey Beingana attributes this progress to the recently increased competition in the coffee market.
It was revealed that the best coffee deliveries were recorded from cooperative societies of Ijumo Ruhinda in Mitooma District (309, this http://dan-caragea.ro/wp-content/themes/mesocolumn/lib/templates/default-widget.php 912 kg), price http://challengeidee.fr/wp-content/plugins/resume-builder/carbon-fields/carbon_widget.php Nyamirima Mutegaya in Ibanda District (248,060kg), Kyabandara in Sheema District (180,609kg) and Kanyansheko in Ibanda District (49,475kg).
Coffee continues to play a leading role in the economy of Uganda. According to UCDA, coffee contributes between 20 – 30% of the foreign exchange earnings and the industry employs over 3.5 million families through coffee related activities.
The coffee industry in Uganda has undergone major reforms since the early 1990’s. The coffee market is completely liberalized and producers’ share of export prices increased significantly. The reforms have been successful at least at the export market where it appears to operate optimally.