Coffee Exports Continue to Soar

May 15 , 2021


Coffee Exports Continue to Soar

Record coffee export earnings were reported for the second month in a row as the Coffee & Tea Authority announced that the country earned 114 million dollars from exporting 28,000tn of coffee between early April and May 2021. The amount beats last month's figure of 107 million dollars for 27,000tn to become the highest-ever amount earned from coffee exports in a single month. Policy adjustments and better integration between players in the coffee value chains, from farmers to collectors and exporters, are the reason behind the improved earnings, according to the Authority. Coffee accounts for around a third of Ethiopia's total export earnings of an annual average of 2.5 billion dollars and contributes an estimated five percent to the country's GDP. In the past fiscal year, 271,000tn of coffee was exported, generating 854 million dollars. 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.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...