Ethiopia earns $526mln from coffee export in the last 4 months: ECTA

Addis Ababa December 5, 2022 (FBC) – Ethiopia has earned 526 million USD from coffee export in the last four months, said Adugna Debela, Director General of the Ethiopian Coffee and Tea Authority.

The Ethiopian Coffee & Tea Authority (ECTA) is deliberating with experts from various coffee producing countries including Colombia and Spain in Addis Ababa.

The ECTA DG, Adugna Debela, gave an explanation regarding the marketing of Ethiopia’s coffee products in the last four months of the current fiscal year.

The DG reminisced that ECTA has set sights to earn 2 billion USD from coffee export by the end of the ongoing fiscal year.

He stated that the Authority was able to earn 526 million USD from export of coffee products in the last four months.

Adugna indicated that the Authority has set goals to earn $2 billion through export of 810,000 tons of coffee by the end of the current fiscal year. Hence, the achievement so far is promising.

He said that efforts are being made to achieve the annual plan set for the current fiscal year.

The ECTA DG also announced that this year’s four-month performance is $126 million more than the same period from the last fiscal year, as per the report by Ethiopian News Agency.