Ethiopia earned $1.4 billion from coffee export


The volume of Ethiopian coffee in the international market showed a remarkable increase in the Ethiopian calendar 2014 (GC 2021/22), according to the government

President Sahlework Zewde speaking at the Ethiopian Coffee Day celebration (Photo: Public Domain)

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As Ethiopian Coffee Day was celebrated this week with the motto “Our Coffee for our Unity and Prosperity”, it is revealed that the Ethiopian year concluded was a success in terms of coffee export despite the fact that the country faces a number of economic and political challenges. and security character.

Over 300,000 tonnes of coffee were exported in Ethiopia’s 2014 fiscal year (the new year started just five days ago) from which Ethiopia earned $1.4 billion.

State media quoted Adugna Debella, head of the coffee and tea authority, as saying the reform measure in the sector has restructured coffee supply chains from farmers to exporters.

The increase in income is explained in terms of increased coffee production and the availability of quality coffee on the international coffee market – which is linked to the reform measures.

The Ethiopian government has held a recognition ceremony for coffee exporters in the country who have contributed to what the government calls success in the international coffee market. Farmers and coffee exporters were rewarded during the ceremony.

Ethiopian President Sahlework Zewdie said reform measures in the country have enabled Ethiopian coffee to fetch better prices in the international market. And this has contributed, according to the president, to an increase in the country’s foreign exchange earnings.

Ethiopia has a ten-year agricultural development plan whose objective is, among other things, to ensure food security. The government says Ethiopia is close to achieving this and starting to export grain.

In the last fiscal year, Ethiopia earned about 72% of its foreign exchange from the export of agricultural products.

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