According to local news sources, Ethiopia has had a successful year in the coffee sector. Recently, we wrote about the continuous growth of annual coffee exports in Ethiopia. The latest news reports that in the first three quarters of the fiscal year 2021/22, Ethiopia generated “more than $894 million revenue from Coffee trade”
Last year, the annual revenue was $909.4 million, meaning that this year’s nine-month revenue was almost the same as the previous 12 months’ total. “The revenue was generated from more than 210,000 tons of coffee exported to the international market during the nine months,” Shafi Umer, deputy director of the Ethiopian Coffee and Tea Authority (ECTA) said on Friday. The biggest buyer of Ethiopian coffee during this period was Germany.
This means that the Ethiopian coffee sector exceeded its export target by 33% for the nine-month period. According to the Ethiopian Monitor, “Both the revenue and volume figures have shown 74.5% and 43.66 % increases, respectively, as compared to the same months of the last year.”
These developments may be due to the Ethiopian government’s recent policy change, “which allowed the farmers’ unions to directly export coffee and/or supply directly to the exporters”. This has contributed to an increase in incomes in recent years. Ethiopia has also focused on improving the quality of its coffee, modernising the trade process and various systems that benefit coffee farmers.
In addition, the recent increase in global coffee prices is cited as a factor contributing to the higher figures.
Photo by: DFID – UK Department for International Development | Flickr