Ethiopia amasses 209 mln USD from coffee export in 1 month

Published 2024년 6월 18일

Tridge summary

The Ethiopian Coffee and Tea Authority (ECTA) announced a significant achievement in coffee export revenue, with May's exports bringing in $209 million from 43,481 tons of coffee. Over the past 11 months, Ethiopia's coffee exports totaled 252,466.98 tons, generating $1.21 billion. This represents an increase compared to the previous years, attributed to increased participation from various stakeholders in the sector and strategic efforts by the authority to boost productivity and address market challenges. The authority has also been focusing on creating a smooth purchasing system, direct market linkage, expanding market destinations, and promoting Ethiopian coffee on the international stage.

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Original content

ADDIS ABABA — Some 209 million USD was secured from coffee export in a month alone, the Ethiopian Coffee and Tea Authority (ECTA) revealed. Speaking to the Ethiopian Press Agency (EPA), ECTA Public Relations and Chief Communication Officer Shalemariam Gebremedhin stated that the stated amount was gained from over 43,481 tons of coffee export in last May. During the past 11 months, over 252,466.98 tone of coffee was exported and the nation has gained 1,208,073,000 USD in return. Compared with the past three consecutive years, the export performance is said to register upsurge. Besides the emphasis given by the government, the active participation of farmers, suppliers, exporters and other key actors in the coffee sector have contributed to the growing performance. Highlighting activities that the Authority has been undertaking to enhance productivity and address challenges related to market, Shalemariam noted that promising results have been gained in creating smooth purchasing ...

Source: All Africa