Yirgalem Integrated Agro Industrial Park reported earnings of over USD 2.1 million dollars from its exports in the previous fiscal year. The park primarily exported avocado crude oil, processed milk, and a variety of flavored juices.

Over the past four years, the park accumulated earnings of more than USD 8.5 million from the export of 1,300 tons of products to the foreign market. With 26 registered investors having a capital of two billion birr and permissions granted to work in various fields, along with 13 new investors signing agreements to start operations, the park is poised for further growth.

The park was engaged in trial production of various products for the past four years. Investors involved in avocado oil and milk processing have successfully supplied products to both domestic and foreign markets. In the last financial year, these investors received over 6,000 tons of avocados from farmers and supplier associations, resulting in the production of 295 tons of crude oil for export and a revenue of more than USD 1.9 million.

Additionally, two factories involved in milk and honey processing have commenced offering their products to local and foreign markets. Moreover, the park exported 120 tons of different flavored fruit juices to Sudan and South Sudan, generating an income of USD 288,000. By replacing imported products, the park saved USD 218,000 through the sale of various flavored juice products and processed milk within the country.

Source (including image): Ethiopian News Agency