The Ministry of Trade announced that promising results have gained from the activities carried out to modernize the value chain for coffee.
Because of the efforts, amount of coffee supplied to the Ethiopia Commodity Exchange (ECX) has been increasing, Coffee Marketing Director at the Ministry Getahun Dipara said.
More than 40,000 tons coffee has been sold to the ECX over the past five months from coffee growing areas.
With the law issued in 2008, the government mandated all coffee exports to be traded through the ECX, aiming to both drive volumes through the exchange and control price manipulation.
Ethiopia over the past five months has exported 64.2 tons coffee and in return secured over 274 million USD revenue.
The revenue secured during the reported period exceeded the previous year same time by over 37 per cent, Getahun said.
According to him, activities are being carried out to export 235,950 tons coffee during this fiscal year.
For his part, Ethiopian Coffee Exporters Association PR Head, Getachew Admasu said the Association is overseeing to earn over 900 million USD by exporting 250,000 tons coffee this fiscal year.
The Association is working to improve export amounts so as to get more foreign earnings, he added.
[TheEthiopianHerald]
