Ethiopia’s export revenues from coffee totaled 766.9 USD in the 2018/19 fiscal year, with sales of 230, 64 metric tones, according to the latest report by the Ethiopian Commodity Exchange (ECX).
According to the report, the country’s coffee export revenue shows the biggest drop in 13 years.
The decline in the coffee export revenue was mostly anticipated due to the fall of global coffee price, according to Tatek Girma Tatek Girma, Director of Coffee and Tea Market Development and Promotion at ECX.
The coffee export volume of Ethiopia shows significant increases since the establishment of ECX, yet this year’s coffee export volume dropped down, said Tatek.
Since we couldn’t decide the global coffee price, we are forced to accept or negotiate the price offered.
In addition, low coffee quality, poor logistics systems, and the lack of a modern market chain are also cited as reasons for the decline in coffee export.
Ethiopia is the world’s seventh-largest producer of coffee and Africa’s top producer.