Ethiopia Secures $702mln From Seven-Month Coffee Export

Ethiopia Secures $702mln From Seven-Month Coffee Export

• Business
• March 14, 2023

Ethiopian seven-month coffee export earnings showed an increase but failed to hit the target for the period, according to a sector regulator.

The Ethiopian Coffee and Tea Authority (ECTA) says 126, 650 tons of beans worth 702 million US Dollars to the international market.

The revenue, the regulatory body said, showed an increase as compared to a similar month last year despite exporting relatively less volume.

Speaking to a state-run EPA Tuesday, the Authority’s Market Intelligence Director Cheru Koru partly attributed the case to the emphasis given to exporting high-quality coffee.

Ethiopia, for the first time ever, shipped 300,000 metric tons of coffee valued at $1.4 billion to the global market last year.

Referance: Ethiopian Herland (March 10)