We have received some data regarding shipments for the 10 month period up to the beginning of May 2020, which makes for interesting reading. Total exports reached 219 K MT (173 K MT same period 18/19) so 27% up on the previous year. If shipments continue at this pace in May and June, the 12 month period will be the highest export figure for Ethiopia ever and will surely exceed 4 M bags. We do not have the split between crops but the majority of these exports will be from the 18/19 crop rather than the current crop. Although the pace of sales at ECX has picked up a little during the month of May particularly for Lekempti, ECX sales remain very much behind the pace of sales of last year as in evident below tables that show ECX sales as of 29th May for 2020, 2019 and 2018:
Washed Coffee
| 19-20 CHANGE | |||||
| MT @ 29 MAY | 2018 | 2019 | 2020 | MT | % |
| LIMU/OTHER WASHED | 15,850 | 11,812 | 14,313 | 2,501 | 21% |
| YIRGACHEFFE | 4,112 | 4,821 | 2,652 | – 2,169 | -45% |
| SIDAMO/GUJI | 16,794 | 16,528 | 6,961 | – 9,567 | -58% |
| Total Washed | 36,756 | 33,161 | 23,926 | – 9,235 | -28% |
Natural Coffee
| 19-20 CHANGE | |||||
| MT @ 29 MAY | 2018 | 2019 | 2020 | MT | % |
| SIDAMO | 10,146 | 13,893 | 5,913 | – 7,980 | -57% |
| LEKEMPTI | 23,338 | 23,836 | 20,462 | – 3,374 | -14% |
| DJIMMAH | 26,710 | 18,909 | 23,786 | 4,877 | 26% |
| OTHER NATURAL | 25,639 | 26,466 | 24,053 | – 2,413 | -9% |
| Total Natural | 85,833 | 83,104 | 74,214 | – 8,890 | -11% |
We expect that the crop is lower in the Southern Region and these ECX figures reflect that, however, we also believe that a much larger proportion of the crop from this region has been bought through vertical integration so will get exported having by-passed the Exchange.
Birr 34.24 to the USD
by Charles Seara Cardoso
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