Coffee Export Generates $104m in April

May 16 , 2020

The export of coffee generated 104 million dollars in April, surpassing the value of the previous month, according to a report from the Ethiopian Coffee & Tea Development Authority. The revenue has increased despite the global outbreak of Novel Coronavirus (COVID-19), which has resulted in lockdowns in many countries, according to Shafi Umer, deputy director-general of the Authority, which exceeded its goal of having coffee generate 96 million dollars. The value is seven million dollars greater than the previous month's haul. "The recently introduced coffee policy has resulted in the increase," Shafi said. The reform, which allows coffee farmers, growers and cooperative unions to export their product directly to the international market without intermediaries, has contributed to the increase in revenue, according to him.