Nov 30 , 2019
The Ethiopian Trading Businesses Corporation obtained 38.4 million Br in revenue from the goods it distributed in the first quarter of this fiscal year. The performance exceeded the forecast of the Corporation, which operates under the Minister of Trade & Industry, by 344pc. In the reported period, the Corporation targeted to procure 1.3 million quintals of products worth 1.5 billion Br, however, it procured two million quintals of crops, coffee and fruits with 2.3 billion Br. It also planned to sell 1.5 billion Br worth of products but ended up selling 1.8 billion Br worth. To stabilise the market, the Corporation imports products like wheat, edible oil and sugar from the local and international markets and supplies the commodities to local businesses.
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