Coffeeexport

Houthi Attack on Red Sea Disrupts Ethiopian Coffee Export

Houthi Attack on Red Sea Disrupts Ethiopian Coffee Export

Ethiopian coffee Export trade was disrupted for three days due to an attack by Houthi militants on the Red Sea. The Ethiopian Coffee and Tea Authority has issued a statement regarding the performance of the coffee export trade for the 2023/24 fiscal year. According to the Director General of the Coffee and Tea Authority, Adugna Debala, Ethiopia had planned to earn $1.7 billion by exporting 350,000 tons of coffee in the current fiscal year. However, the actual performance fell short, with the country earning $1.4 billion by exporting 298,000 tons of coffee to foreign markets. Debala noted that the coffee…
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Ethiopia Earns Over $1.4 Billion from Coffee Exports

Ethiopia Earns Over $1.4 Billion from Coffee Exports

Ethiopia has announced record-breaking earnings from its coffee exports this fiscal year, with revenues exceeding $1.4 billion. The Ethiopian Coffee and Tea Authority reported that the country earned more than $1.43 billion from coffee exports during the 2023/24 financial year. According to the Director General of the Authority, Adugna Debela, Ethiopia achieved significant results both in terms of volume and income. The country exported 298,500 tons of coffee, marking a substantial increase compared to previous years. This year's performance shows a 20% increase in volume and a 7.5% rise in price levels. Last year, Ethiopia exported 240,000 tons of coffee,…
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Ethiopia Earns $285 Million from oilseeds and pulses Export

Ethiopia Earns $285 Million from oilseeds and pulses Export

The Ministry of Trade and Regional Integration has reported that Ethiopia earned $285.53 million from the export of oilseeds and pulses over the past six months. This revenue marks a significant contribution to the country's economy. Specifically, in the first half of the current fiscal year, $109.66 million was generated from oilseed exports, surpassing the ministry's expectations by 109 percent, as outlined in its six-month performance report. This represents a $26 million increase compared to the same period last year, indicating a positive trend in Ethiopia's export market. Additionally, the export of cereals contributed substantially to the country's earnings, amounting…
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European Union Law Threatens Five Million Ethiopian Coffee Farmers

European Union Law Threatens Five Million Ethiopian Coffee Farmers

Five million Ethiopian coffee farmers are facing existential threats due to a recent EU law. The European Union passed legislation two weeks ago aimed at barring the entry and sale of products deemed environmentally harmful within its member countries. The law, crafted to combat global warming and prevent deforestation, targets products linked to forest depletion, thereby promoting environmental preservation efforts. Of particular concern is the impact of this law on Ethiopia, a major exporter of forest coffee to European and global markets. The Ethiopian Coffee Association has voiced apprehension, warning that failure to accommodate Ethiopia's unique circumstances under the new…
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