Ethiopia exporting less coffee in past fiscal year

0 Comment(s)Print E-mail Xinhua, July 12, 2023
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ADDIS ABABA, July 11 (Xinhua) -- Ethiopia earned more than 1.3 billion U.S. dollars in revenue from exporting around 240,000 metric tons of coffee to the international market during the just-concluded Ethiopian 2022/23 fiscal year that ended on July 7, the state-run Ethiopian News Agency (ENA) quoted the Ethiopian Coffee and Tea Authority officials as saying Tuesday.

During the previous fiscal year, however, Ethiopia, known as the origin of Arabica coffee, posted a record 1.4 billion dollars in revenue from the export of about 300,000 metric tons of coffee.

Director General of the Ethiopian Coffee and Tea Authority Adugna Debela had recently stressed that Ethiopia will further boost its coffee export in the coming fiscal year by exporting quality coffee to more market destinations.

Citing global challenges as the main reason for exporting less coffee in the past fiscal year, as compared to the previous one, Debela said Ethiopia was able to compensate by raising the quality of its coffee during the just-concluded fiscal year.

Ethiopia is widely recognized for its rich coffee quality and flavor, which ranges from winy to fruity and chocolatey, making its coffee varieties on demand across the globe. Enditem

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