Ethiopia's coffee, gold income declines
Compared to last year, Ethiopia's export has shown decline this year on major export commodities of the country including coffee and gold, which fall 25% and 27%, respectively. Prime Minister Hailemariam Desalegn told Parliamentarians on Thursday while presenting his report of the past nine months. He attributed the decline to gold and coffee prices fall globally. "Though we have witnessed 9% increase in agricultural commodities export, because coffee represents a major portion in the export, we didn't achieve necessary result from our agriculture which constitutes 80% of our export," he said. Total export growth of the country is now stood at only 2% compared to last year. During the fiscal year concluded July 7, 2013, Ethiopia has earned $3.15 billion by exporting agricultural commodities, minerals and manufactured goods to 133 countries. Out of the total earnings coffee covers around $745 million. On the other hand, the premier also mention