Ethiopia plans to increase coffee exports

Published 2024년 12월 24일

Tridge summary

Ethiopia has experienced a notable increase in coffee exports and revenues, with a total of 298,000 tons exported and earning $1.43 billion in the last fiscal year. The country aims to further increase its exports by 100,000 tons, reaching 400,000 tons this year and generating over $2 billion in revenue. This growth is attributed to the government's economic reforms and the improvement in the coffee supply chain, allowing for direct communication and trade between suppliers and exporters. Ethiopia, being the fifth-largest coffee producer in the world and the largest in Africa, relies significantly on coffee production, with around 20 million people depending on it for their livelihood.

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Original content

Ethiopia has seen a significant increase in coffee exports and revenues, and plans to increase volumes by 100,000 tons this year, said Shafi Umar, deputy director general of the Ethiopian Coffee and Tea Authority (ECTA), as quoted by the Ethiopian News Agency ENA. According to him, Ethiopia exported 298,000 tons of coffee during the last fiscal year, which ended on July 7, 2024, earning $1.43 billion, and plans to increase exports to 400,000 tons and earn more than $2 billion this year. In the last five months alone, the country exported 178,000 tons of coffee, up 72 percent from the same period last year. “This growth is due to the ongoing economic reforms implemented by the government, including the production of high-quality coffee and increased productivity,” the agency spokesman said. Umar also explained that by streamlining the coffee supply chain, suppliers and exporters can now ...

Source: Kvedomosti