The period March to September was frenetic with huge shipments, many logistical challenges and mired with the pitfalls of trading in a rising market. The waters are much calmer now, with little to offer shippers are focusing on readying the most recent sales and laying the ground for the upcoming crop. There is much to […]
All It seems that the new Government in Ethiopia has as a priority to deal with the crisis in Tigray, launching a large scale military offensive this week. For the BBC’s take on the issue please follow the link: https://www.bbc.com/news/world-africa-58869970 Meanwhile the September Export numbers show a decline in shipments vs August, as expected, and […]
Minimum Registration Prices set weekly by the Coffee & Tea Authority (CTA) have been irrelevant for the past few months; as the terminal market rallied exporters were able to find plenty of eager buyers at ever increasing flat prices. Infused by the 10 cent move last Friday, the CTA decided to up the prices that […]
Stakeholders’ focus is turning towards the imminent new crop which is just around the corner, all coffee growing regions are expected to start harvesting in October. The crop in the South is looking very good, particularly in the higher growing areas, where farmers are expecting an improved crop viz-a-viz the 2020 crop. It all bodes […]
We mentioned a couple of weeks ago that inflation has taken off in Ethiopia, this week we are looking at this in a little more detail. Having hovered between 18 and 20% over the previous 12 months, in June inflation started to accelerate to reach over 30% in August, the highest inflation rate in over […]
Coffee shipments from Ethiopia were up once again in August after a strong July. August, which normally marks the start in a decline in shipment pace recorded shipments of over 32 K MT. This is the 3rd month in the last six to record shipments above 500 k bags. Shipments March to August topped 190 […]
In a bid to tackle recent food inflation, the Government has waivered all import duties on wheat, sugar and edible oils. This is step in the right direction in addressing the people’s main concern in recent months, soaring prices for basic food stuffs. Furthermore, the National Bank of Ethiopia (NBE) has just done a u-turn […]
We have been reporting in the last couple of weeks on the downward turn that the Ethiopian economy seems to have taken in recent months. The Government this week has taken some measures to restrict liquidity and try to tackle inflation. The National Bank of Ethiopia (NBE) increased the base rate from 13% to 16%. […]
Larger shippers are really struggling to acquire, mill and ship coffee. Most have slowed down their operations to a trickle compared to the peak shipment months leading up to June. This is coinciding with a considerable decrease in import activity and consequent reduction in the availability of containers in Addis Ababa. It is fortunate that […]
Hi With little coffee arriving from upcountry and the ongoing good shipment pace, stocks in Addis are starting to look depleted. Much less coffee is arriving in Addis due to seasonality, rains making roads unpassable and high price expectations of agrabes impeding trade. Middlemen having sold most of their stocks are now holding out for […]
