January 7 , 2022
The Ethiopian Coffee & Tea Authority is on track to meet its target of exporting a little over one billion dollars worth of coffee this year. The cash crop brought in over 515 million dollars in export revenues over the first five months of the fiscal year. The export of tea and spices, also under the Authority's supervision, generated another 10 million dollars over the same period. Coffee generated over 50 million dollars in November alone, as 17,100tn was shipped abroad. The top three export destinations were Germany, Saudi Arabia and Belgium. Officials at the Authority had announced they target to export 280,000tn of coffee and revenues of a little over one billion dollars this year. The cash crop generated over 900 million dollars in export revenues last year, with the country shipping 248,000tn, mainly to the United States, Europe and the Middle East.
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