Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting for 77pc of the volume and 78pc of total revenue. In a notable performance last June, Ethiopia exported 46,000tns of coffee, generating 218 million dollars, a 107pc increase in revenue. In the last fiscal year, total coffee exports reached 298,500tns, bringing in 1.43 billion dollars. This marks a 20pc rise in volume and a 7.5pc increase in value compared to the previous year. Authorities attribute the growth to improved production and distribution systems, as Ethiopia strengthens its position in the global coffee market. The Authority plans to export over 400,000tns of coffee during the current budget year, with a goal of earning two billion dollars.
[ssba-buttons]
Loading your updates...