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 […]
July 2021 exports just shy of 30,000 MT. March to July 2021 exports total 158 k MT vs 123 k MT same 5 month period in 2020. This means that Ethiopia has exported over half a million bags more of the 2020/21 crop than at this point 12 months ago of the 19/20 crop. At […]
All A lot has happened on the terminal market in the last 3 weeks, all said and done, we are now roughly 20 cents higher than we were before the frosts and subsequent panic that saw the market travel from 155 to 213 and back to around 175 today. In Ethiopia this has stopped trading […]
All Prices offered by shippers have soared in recent weeks and continue to do so. It seems that exporters are happy to slow down their selling activity and focus on milling and shipping. Volumes available internally are down as a consequence of past high activity and the current wet weather which is slowing down the […]
Once again shipments are up. As the graph below clearly shows, Ethiopian shippers are rushing to get the crop on vessels; No doubt that some urgency is due to the elections held last month, however I feel that the last few weeks NY price action allowed for lots of business to be concluded and even […]
All So this was the long awaited Election week. Monday was a holiday for the poll to take place and after a long day of voting, with many polling stations having stayed open into the night to allow for all voters to cast their ballot, Tuesday normal life returned to Addis. Many locations, deemed unsafe, […]
All So next Monday is election day in Ethiopia; it has been a long-time in coming, originally meant for mid 2020, the ballot was postponed more than once. For more background on this major political event please follow the link: https://www.bbc.com/news/world-africa-57102189 Shippers stopped loading export containers from Wednesday onwards to avoid having cargo in transit […]
All For the 3rd month in a row shipments hit a new record, last May exports reached over 32 k MT a record for the month of May and indeed the highest monthly exports figure ever! Some Ethiopian insiders believe that these high Export figures are due to the upcoming ballot (June 21st), no doubt […]
