Coffee Exports 50% below Target in Ethiopia
Coffee exports in Ethiopia were 50% below target in the past nine months of the financial year and are expected to decrease even further.
Ethiopia had anticipated raising 1.17 billion US dollars from the export of 288,000 tons of coffee. The failure to meet targets was due to the instability of the international market claimed Kebede Chane Minister of Trade. It is expected that coffee exports will reach 70% of target by the end of the fiscal year he said.
The country exported 98,000 tons of coffee in the first nine months which amounted to 48% of target exports raising 66% of the target revenue.
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