Saturday 22 June 2024
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Ethiopia’s coffee exports rose by 11.5 percent in the past fiscal year

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ADDIS ABABA, Ethiopia – Ethiopia’s coffee exports recorded a 20 percent increase during the past three months, according to the Ethiopian Coffee and Tea Development and Marketing Authority on Monday.

The authority has introduced various measures to reduce the impact of smuggling and other illegal coffee export threats through an integrated industry-centred coffee export mechanism, reported local media quoting the Authority’s deputy head Shafi Oumer.

The east African country managed to achieve 866 million U.S. dollars revenue from the export of 221,000 tonnes of coffee during the just concluded 2016/2017 fiscal year.

When compared to the 2015/2016 fiscal year the volume of coffee exported increased by 11.5 percent while the earning shows 20 percent increase.

The increase in earnings is said to have been influenced by the global coffee price hikes.

The achievement is 92 percent of what Ethiopian Coffee & Tea Development and Marketing Authority targeted. “It is a very great achievement compared to nation’s previous years’ coffee export performance”, the authority noted.

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Germany, Saudi Arabia, the United States, Belgium, Sudan and South Korea are amongst of the top importers of the Ethiopian coffee, accounting for close to 86 percent of the total coffee exported from Ethiopia. Out of the entire coffee export, Germany alone took 18 percent.

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