It is expected that coffee exports from Ethiopia will grow by at least 7% this year according to the Ethiopian Coffee Exporters
Association.
Coffee exports from Ethiopia are expected to add up to 150,000 metric tons in the remaining two quarters of the Ethiopian financial year said Tesfaye Kenea, Acting General Manger of ECEA.
Coffee shipments in the last two quarters totaled 60,000 tons which is 35,000 tons less than what was shipped in the same period last fiscal year he said.
The decline in exports was primarily due to the two month delay in harvest because of the long rainy season and because the price of coffee in Ethiopia did not go down in proportion to the drops seen on the international market explained Tesfaye.
Source: Bloomberg
