Houthiattacks

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…