Horticultures Envision Price Revision

Jan 21 , 2023

The export price of fruits and vegetables, which had seen no change in the past four decades, foresees revision as technical committees from Ethiopia and Djibouti agreed to readjust the price of horticultural products exported. Djibouti is the major export destination for vegetables and fruits, accounting for 70pc of the shipments. The exported Khat quotas were also discussed in the meeting last week, while the border trade agreement was tabled for further discussion. The meeting was co-chaired by Kassahun Gofe, state minister for Trade & Regional Integration, and Ali Daoud, secretary general of the Ministry of Trade & Tourism of Djibouti. Close to 210,000tn of horticultural products were exported two years ago, generating 87 million dollars. Anticipating an increase in earnings, the Ministry of Agriculture raised the minimum export price threshold to close to a dollar in January 2022. However, following the lodged complaints from Djibouti, the Ministry reversed the threshold to return to its previous level of 0.22 dollars a kilo. The Ministry of Foreign Affairs announced the sessions of the technical committee served as a follow-up to the 16th Ministerial Commission, held in Ethiopia three months ago, attributing the agreement as a step to strengthen economic ties.


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