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.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Health for Some, Hope for Others as Policymakers Bet on Medical Plazas

The healthcare system reveals a country that is both moving forward and falling behin...

Is Innovation or Financialisation to Blame for Rising Inequality?

Over a decade ago, Nobel laureates Daron Acemoglu and James A. Robinson, together wit...

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

Ethiopians Celebrate Big Dreams, While Everyday Realities Cast Shadow

Sep 6 , 2025

The dawn of a new year is more than a simple turning of the calendar. It is a moment...

Will Community Health Insurance Falter Under Its Ambitious Weight?

Aug 30 , 2025

For Germans, Otto von Bismarck is first remembered as the architect of a unified nati...

The Capital Market May Be Too Shallow to Swim In. Beware.

Aug 23 , 2025

Banks have a new obsession. After decades chasing deposits and, more recently, digita...

Capital Market Ambitions Face Credibility Test Over Conflicted Oversight

Aug 16 , 2025

A decade ago, a case in the United States (US) jolted Wall Street. An ambulance opera...

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

Beacon of Hope in the Heart of Singapore

When friends of my husband, Mike, and I left for what should have been a routine work...

From Stardom to Strength

When we speak of Zeritu Kebede, most recall the sensational voice that redefined Ethiopian music nearly two decades ago. Beyond the stage li...

Life Matters

A Dose Too Fast

Stories of medical malpractice are unsettling, but they become harrowing when lived personally. What began for me as a trivial blister soon...

The Elusive Pursuit of Happiness

Lately, thoughts about happiness have lingered persistently in my mind. It has always been a captivating subject; something pursued with a s...