W48 Ethiopian Coffee Prices Remain Unchanged From Last Week

The Ethiopian government's weekly minimum coffee price, set every Tuesday, has been steadily declining since W39, following the drop in the New York Arabica Coffee Market. However, W48's floor price remained unchanged, similar to W47. For instance, the floor price of unwashed Nekemte G5 commercial coffee was USD 3,572/MT which is similar to the price in W47.