The Minimum Coffee Price in Ethiopia Dropped 1% WoW in W10

The minimum coffee price set by the Ethiopian government dropped by 1% WoW in W10. The prices released on March 7, 2023, for Yirgacheffe Washed G1 are USD 3.68/lb and Nekemte Natural G5 USD 1.65/lb while in W9 their respective prices were USD 3.71/lb and USD 1.67/lb. Even though prices have slightly dropped, it’s still difficult to get competitive offers from many speculative suppliers mainly because the overhead costs of coffee processing and vertical integration prices are still at their peak.