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    Home > Food News > Food Articles > Ethiopia benefits from rising global coffee prices

    Ethiopia benefits from rising global coffee prices

    • Last Update: 2022-01-21
    • Source: Internet
    • Author: User
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       Ethiopian Capital News reported on December 14 that global coffee prices rose to their highest in a decade due to a drop in the supply of coffee beans .

     
      The International Coffee Organization (ICO) disclosed that the coffee price index in November 2021 reached $1.
    9517 per pound, up 7.
    5% from the same period in 2020

    .
    Brazil, the largest coffee exporter, was affected by environmental and logistical problems, and coffee exports fell sharply, causing coffee prices to continue to rise

    .
     
      The ICO also pointed out that in October 2021, global coffee exports totaled 9.
    68 million bags (60kg per bag), down 4.
    4% from the same period in 2020

    .
    Among them, Brazil’s coffee exports totaled 3.
    43 million bags, down 23.
    8%

    .
    During the same period, coffee exports from Asia and Oceania increased by 25.
    8%, and African coffee exports increased by 5.
    1%

    .
     
      As the origin of coffee and Africa's largest exporter of Arabica coffee, Ethiopia's coffee export volume and export value in the second half of 2021 exceeded expectations
    .
    coffee beans coffee price
     
      The International Coffee Organization (ICO) disclosed that the coffee price index in November 2021 reached $1.
    9517 per pound, up 7.
    5% from the same period in 2020

    .
    Brazil, the largest coffee exporter, was affected by environmental and logistical problems, and coffee exports fell sharply, causing coffee prices to continue to rise

    .
     
      The ICO also pointed out that in October 2021, global coffee exports totaled 9.
    68 million bags (60kg per bag), down 4.
    4% from the same period in 2020

    .
    Among them, Brazil’s coffee exports totaled 3.
    43 million bags, down 23.
    8%

    .
    During the same period, coffee exports from Asia and Oceania increased by 25.
    8%, and African coffee exports increased by 5.
    1%

    .
     
      As the origin of coffee and Africa's largest exporter of Arabica coffee, Ethiopia's coffee export volume and export value in the second half of 2021 exceeded expectations
    .
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