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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.

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