Falling global coffee prices forced Ethiopia to default on contracts

게시됨 2023년 4월 24일

Tridge 요약

Ethiopian coffee exporters have failed to fulfill 394 export contracts due to a decrease in international coffee prices, which have fallen below the local price in Ethiopia. This has led to a profit margin decrease, and as a result, exporters are withholding 28,000 tons of coffee worth US$133 million. The domestic market price of coffee has increased dramatically over the past year, making it more expensive for exporters to obtain coffee domestically and forcing them to export at a loss. The Ethiopian Coffee and Tea Authority is considering negotiating new prices with customers abroad. The target of raising US$2 billion from coffee exports in the current Ethiopian fiscal year is facing challenges due to these price fluctuations.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

According to The Reporter website, Ethiopian coffee exporters have failed to fulfill 394 export contracts since October 2022. Professionals say they have no choice but to terminate the contract because the international price of the grain has fallen below the local price in Ethiopia, reducing the profit margin they expected. Coffee exporters defaulted on their contractual obligations, withholding 28,000 tons of coffee worth US$133 million. The prices of the export commodity in the international market fell 32% compared to the same period last year. A pound of coffee (0.45 kg), which cost one dollar a year ago, now costs 70 cents. Ethiopian exporters signed the deal as coffee prices soared. “Demand for coffee, spices and tea has significantly decreased this year due to the global economic downturn,” Adugna Debela (PhD), director of the Ethiopian Coffee and Tea Authority, told the House of People's Representatives (HPR) when presenting the report. performance of the sector in the ...
출처: Cafepoint

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.

관련 시장 데이터

'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.