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Ethiopian Coffee and Tea Authority announced that Ethiopia earned USD 787 million from coffee export during the past 8 months. According to the Authority, Ethiopia achieved a better performance in coffee export when compared to the same period in the last fiscal year even though the Ukraine-Russia war affected the European coffee market which was the top destination for Ethiopian coffee.

Ethiopian Coffee and Tea Authority announced that Ethiopia gained USD 702 million in the past seven months by exporting 126,649 tons of coffee. The revenue is short of USD 165 from the initial target which aimed to collect USD 867 million from 181,323 tons of coffee export.

Ethiopia collected USD 250 million over the past seven months by exporting oilseeds and grains. Sesame, Niger, and Castor bean were the most exported oilseeds while soybean claimed the lion’s share in the export of grains.

Ethiopia, Burundi, and Niger will become beneficiaries of China’s zero-tariff treatment starting from March 1, 2023. The treatment targets 98% of taxable items which are exported from the three countries to China.