Sunday, June 8, 2014
Posted By: Nomonanoto Sidama | At: 6/08/2014 09:18:00 AM
Ethiopia’s coffee exports have declined in the last ten months, the Ethiopian Trade Ministry said on Friday.
In a report, the ministry said that Addis Ababa had exported 136,000 tons of coffee worth $489.28 in the last ten months, compared to $576.819 in the same period last year.
According to the trade ministry, coffee exports declined by 8.79 percent and revenues by 15.8 percent in the last ten months compared to the same period of 2013.
The ministry cited power disruption, delay in business deals and market price fluctuation for the decrease in coffee exports.
Ethiopia is a major exporter of coffee in Africa.
Ethiopian coffee exports account for around 3 percent of the global coffee market.
The biggest market for Ethiopian coffee is Germany, which imported $95.75 worth coffee during the last ten months, according to the ministry report.
Saudi Arabia was the second largest market for Ethiopian coffee followed by the United States, Belgium, Sudan and Britain.
Source: World Bulletin