Coffee Plantation Development Enterprise (CPDE) announced that it had earned 84 million birr by selling coffee at local and foreign markets over the last fiscal year. The enterprise sold 64,000 quintals of coffee during the reported period.

Countries to which the enterprise exported coffee include the United Sstates, Australia, Belgium, Germany, Italy, Japan and Sweden.

About 49.5 million birr of the 84 million birr profit was obtained from over 16,000 quintals coffee sold locally.
According to the director general of CPDE, the amount earned from the export of coffee is up by 56 million from last year’s earnings. 

Report released the United States Department of Agriculture late in August puts Ethiopia as the world’s 6th largest coffee producer for the 2010/2011 crop year, producing 4,400 bags of coffee (264,000 kg).

The top five coffee producing countries in the list are Brazil (54,500 bags), Vietnam (18,725 bags), Colombia (9,500 bags), Indonesia (9,325 bags) and India (5,100 bags). 

Ethiopia is followed by Honduras (4,000 bags), Peru (4,000 bags), Guatemala (3,910 bags) and Mexico (3,700bags).

Late in July the government of Ethiopia declared that the country had earned 841.6 million dollars from the export of about 200,000 tonnes of coffee in 2010/2011 fiscal year.

The country is planning to raise its coffee production to 700,000 tonnes from 300,000 tonnes over the coming four years.

Experts say that the increase in the quantity of coffee exported from Ethiopia was due to the introduction in 2008 of a commodity exchange market, which promoted transparent trading, and rising global commodity prices.

Source: Ethiopian News Agency