May 23 , 2021
The Coffee & Tea Authority and the Ethiopian Commodity Exchange (ECX) are gearing up to launch a micro-lot trading platform for high quality coffee. Such a platform will allow retailers to trade in comparatively small increments, enabling an improved modality for the trade of lower quantities of coffee. In the past fiscal year, 271,000tn of coffee was sent abroad, generating 854 million dollars, over one-fourth of the total export earnings of the nation. Close to half of the coffee produced in Ethiopia is consumed domestically. By the end of the last fiscal year, the country had 418 licensed exporters and around six million farmers involved in cultivating coffee on over 650,000ha of land. he coffee produced by these farmers is classified into six quality grades by the time it hits the trading floors at ECX.
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