FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

ECX, Coffee Authority to Determine Rates for Coffee Export

Apr 12 , 2022

Coffee destined for export will be traded based on weekly rates determined by the Ethiopian Coffee & Tea Authority, officials of the Ethiopian Commodity Exchange (ECX) have agreed.

The Board of directors of ECX has addressed traders that new rules are enforced beginning today, April 12, to ensure rates are "based on supply and demand" and provide a "level playing field" with other trade models. Coffee remains the top export item.

Over 180,000tn of the cash crop was shipped abroad over the first eight months of this year, generating close to 750 million dollars. The Authority targets a little over one billion dollars in export revenues.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Ethiopia Bets Big on Floated Currency as Kenya Masters the Art of Stability

At the close of 2024, two East African neighbours offer an intriguing lesson in contr...

Services, the New Road to Development

The economic terrain has seldom been so slippery for developing countries around the...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

The Bureaucrats Turn to Masters of Misrule, Architects of Uncertainty

Dec 28 , 2024

On a flight between Juba and Addis Abeba, Stefan Dercon, a professor of economic poli...

Addis Abeba's Gleaming Facade Masks a Parched Metropolis

Dec 21 , 2024

The main avenues and thoroughfares of Addis Abeba have undergone an impressive faceli...

When More of Everything Leaves Less in the Bank

Dec 14 , 2024

Ethiopia's monetary policy has shifted conspicuously in recent years. Gone is the era...

Fueling Reform, the Petroleum Sector Caught Between Monopoly Missteps, Market Liberalisation

Dec 7 , 2024

For decades the Ethiopian Petroleum Supply Enterprise (EPSE), a state-owned giant ent...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

A Journey Through Nature, Culture, History

Two weeks ago, my family, toddler, and I flew to Arba Minch for a few days. Nestled i...

Overcoming Emotional Impulses in Decision-Making

Have you ever made a split-second decision and later wondered, "What was I thinking?...

Life Matters

When Appearance Dictates Respect, Attention

A casual Friday conversation with my friend revealed a disheartening truth about work...

Inadequate Regulation Leaves Tenants Vulnerable to Arbitrary Rental Hikes

The rental market in Ethiopia, like in many developing economies, is characterised by...