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Ethiopia: CPDE Earned 81M Birr Net Profit from Export of Agricultural Commodities

Coffee Plantation Development Enterprise (CPDE) said it has secured over 81 million birr net profit from export of coffee and other agricultural commodities during the concluded Ethiopian Fiscal Year. 

Speaking in a meeting held in Jimma Town, Oromia State on Monday, 26 August, 2013 to evaluate the past year's performance report and plan of action for the current fiscal year, Enterprise General Manager, Ephrem Mersihe Hazen said the the enterprises earning has exceeds the previous year by 64 million Birr. He said over 34,300 quintals coffee was exported to Belgium, Germany, USA, France, Australia, the Netherlands, Italy and South Africa during the reported period.

 

Ephrem also said, the Enterprise is working hard to export 60,000 quintals coffee during the current fiscal year to earn over 380 million birr. 

Established 30 years ago, CPDE is the first modern coffee plantation enterprise which grows, processes and exports coffee at its plantations in Limmu, Oromia and South Ethiopia Peoples’ State. The Enterprise also produces maize, cereals and honey.