Ethiopia Made 143.88 Million USD from Oilseeds Export

The first 5 months of the current fiscal year had seen Ethiopia making a 143.88 million USD from the export of oilseeds – exceeding the plan by 11.2 percent. The development was disclosed by the country’s Ministry of Trade.

During the period, Ethiopia exported more than 128 thousand tons of oilseeds, which is 27.92 percent higher than what the country exported same period last fiscal year. The revenue, on the other hand, is 31.72 percent higher than what the subsector made in the first 5 months of last fiscal year.

Commenting on the achievements, Shimelis Arega, Senior Public Relations Expert at the Ministry, said the increase in global sesame price and strong monitoring and support mechanism from the ministry enhanced the performance of the subsector.

The performance has enabled Ethiopia to secure a little more than 70 percent of the annual target it has set when it comes to volume of export. Nevertheless, the revenue generated is only 58.12 percent of the yearly plan.

In the entire past fiscal year, Ethiopia made 345.29 million USD from the export of 323,755 tons of oilseeds.

Source: Ethiopian News Agency

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