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Rising global coffee prices spurred significant growth in Ethiopian coffee exports

 Last Update: 2021-11-11
 Source: Internet
 Author: User

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Ethiopia "Capital News" Oct.
19 news, Ethiopian coffee and tea managing director Adu Virginia Bureau said recently that the global coffee prices soared influence, Ethiopia 2021/2022 fiscal year (July 8, 2021 to 2022 July 7th) in the first quarter coffee exports amounted to 330 million US dollars, about twice the expected
.
Among them, in July 2021, Ethiopia exported 31,000 tons of coffee, earning US$115 million in foreign exchange, an increase of 146% and 161% respectively from expectations
.
In the next step, the Ethiopian government will further expand the production of high-quality coffee, and the annual coffee export volume may reach 1 billion US dollars
.
The International Coffee Organization predicts that coffee prices will continue to rise in the next few months, and Ethiopia will be a beneficiary
.

Coffee managed price export

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