February export figures again did not disappoint, over 13 K MT brings the 11 month period March 21 to Jan 22 to over 290 K MT and keeps us on a path to reach 5 M bags by the end of Feb 22! Admittedly 13K MT is the lowest export figure for many months, but this was expected given the strength in shipments during previous months, however a mere 10 K MT in Feb are needed to hit the 300 MT in a year milestone.
Business in Ethiopia this week has been a little more buoyant aided by the resurgent terminal market hitting new highs. Shippers are also seeing improved internal flow and eager to get going in Naturals since the volumes of Washed coffees available have been rather disappointing this season.
Forex Birr 50.26 = USD 1
Have a good weekend