The Ethiopian Coffee and Tea Authority has announced that the country earned more than USD 2.24 billion in revenue from coffee exports over the past 11 months.
According to Sahlemariam Gebremedhin, the Authority’s Public Relations and Communications Executive, Ethiopia initially planned to export around 280,000 tons of coffee during the fiscal year. However, actual exports reached 409,605 tons, surpassing the target by 146 percent and generating USD 1 billion more than the revenue recorded last year.
Germany, Saudi Arabia, and the United States emerged as the top destinations for Ethiopian coffee this year. Other major buyers included Belgium, China, the United Arab Emirates, South Korea, Japan, Italy, and Jordan.
Sahlemariam highlighted that efforts are underway to further boost revenue from the coffee sector by increasing productivity, ensuring quality, modernizing marketing practices, and tackling illegal trade.
Source: Fana BC