All Logistics continue to be a struggle but we better get used to it because there is no end in sight! The local currency is devaluing as we expect however the pace has accelerated in the last couple of months bringing with it fears of basic goods price hikes in the near term: The recent […]
All Another holiday in Ethiopia today, slowing things down when we need them to pick up! Offers from shippers have all but dried up; As NY continues it’s drive upwards, Agrabes are getting emboldened and only release upcountry stocks at ever increasing prices. Offers at ECX are down to a trickle. Up country prices have […]
All Ethiopian Electoral Board announced a postponement of the ballot originally being held on June 5th. No new date has been given since the oficial issues behind this decision, slow voter registration, delays in training polling station staff and supply of ballot papers have not been overcome! The extreme insecurity in different parts of the […]
All We recorded in April 28.8 k MT of Exports in Ethiopia a new record for the month of April, following a record March. Things are looking good for this year! It will be interesting to see how Export shipments progress over the coming 4 months (peak shipment season); we believe that exports will remain […]
Hi Another up week in NY leading to increased activity in Ethiopia. One does get the sense though, that there has been a lot of selling in the past few weeks and that shippers are now concerned with covering rather than selling at higher prices! The supply of coffee to ECX is down to a […]
Today is Good Friday and this is Easter Weekend in the Ethiopian Calendar. The shortened working week saw a lot of activity, with the terminal market once again rallying to new heights selling opportunities were abundant for Ethiopian shippers; while some already struggling to cover previously established shorts are abstaining to offer, those that have […]
Busy week with increased activity on the selling and buying side. As the terminal market returned to mid March levels differentials starting to look attractive once more. Quality so far is good, we have now seen the full quality spectrum from a range of shippers and all are meeting expectations. There is a lot of […]
All The higher market has allowed for some more business this week. Differentials eased as NY May gallivanted through the 130 level allowing shippers that are not overly focused on covering shorts, to sell; Minimum registration prices for lower grade Naturals have remained in a very narrow range of 3 cents since February so those […]
All We have finally started to see the increased crop be reflected in Export volumes; March 21 exports exceed March 20 by 700 MT and reverse the picture of the past 10 months, where the monthly exports fell short of the corresponding month of the year before. We now expect this trend to continue in […]
All With so much talk this week on forex rates of the currencies of the world’s largest Producer and Consumer countries and how these affect coffee prices, it might be a welcome distraction to look at how the birr has been behaving in the last few months. No surprises, the birr has steadily devalued 30% […]
