After a delay in publishing, official inflation data shows that December inflation climbed again to 35.1% (Nov 21 annualised rate was 33%). The statistics office blamed seasonal festivities for the recent spike in prices but the roots go deeper. Firstly, price increases in recent months have not been confined to Ethiopia, all economies around the […]
As a consequence of last week’s Central Bank decision to reduce the proportion of USD that shippers can utilise from their coffees export earnings to pay for imported goods and services, shippers are less ready to reduce margins on coffee sales and have increased prices to better reflect the high prices being paid to farmers […]
New Crop offers is well and truly here, shippers are now aggressive sellers in all qualities. What is noticeable is the very firm price for all Washed Coffee qualities, which is a direct consequence of the reduced availability viz a viz last year’s production. Washed Sidamo 2 is offered at 310 to 350 usc/lb FOB […]
It is Christmas Day in Ethiopia! Offers for the 20/21 crop have all but dried up, we truly feel that there is nearly nothing left unsold. Shippers are only offering New Crop 2021/22. We estimate that over 70% of the crop has now been picked and in the lower lying areas there is very little […]
EXECUTIVE SUMMARY It has been a difficult year for Ethiopia, fighting irrupted in November 2020 in the North of the country and spread southwards over the course of the last 12 months. Today the country appears more unstable than it was 1 year ago as other rebel groups aligned themselves to the Tigray Rebels fighting […]
Once again this season Monthly Exports raise eyebrows. November shipments totalled 25 K MT a new record for the month of November, higher than the quantity shipped in October at a period when normally shipments are decreasing. Logistics are improving this month of December, container availability seems to be easier and coffee is moving faster […]
We have been working on our yearly review of the season (20/21) and outlook for the next (21/22) crop. Below we have highlighted our main points. 20/21 Crop review Comments: Record Monthly Exports since March 2021! Indeed March 2021 to October 2021 (8 months) stand at 235 K MT which opens the possibility to have […]
In the last few days the TPLF seems to have been pushed back having lost some of it’s more strategic towns like Shewa Robit, just outside of Addis Ababa and Lalibela, a World Heritage site. These latest victories announced by the Government follow recent gains in securing the road from Addis Ababa to Djibouti. Additionally, […]
All Accurate and reliable information about the war is difficult to find and news from reliable sources is only sporadically published. However, we understand that the front has advanced much closer to Addis following the taking of Shewa Robit town by TPLF forces, the map below clearly shows the advances that have been made by […]
The Coffee harvest is progressing well. Cherry prices are all over the place, where there is more competition prices approach 40 Birr/kg cherry where there is less competition cherry prices are closer to 30 Birr/kg; this 10 birr/kg range equates to around 75 c/lb green equivalent! In Limu areas where competition is stronger prices are […]
