There are in Ethiopia increased fears that Covid 19 will have a very negative impact on the economy pushing millions of people into poverty.
Meanwhile, the cases and deaths are increasing in Addis and there is heightened fear around the city. The government has stated that things will most likely get worse before they get better.
Politically the status quo continues, elections have been postponed indefinitely. Coffee wise things are slow with minimum registration prices for lower Naturals around parity and scarcity of Washed coffee offered at the ECX pushing prices to very high differentials, making new business difficult to conclude.
Birr vs USD practically unchanged at 34.34
by Charles Seara Cardoso