The Coffee and Tea Authority decreased Minimum Registration Prices by 3 cents, however Grade 5 FOB prices remain at a premium to NY. As a means of getting around this impediment to trade Under Grade (UG) sales are being registered at the current Min Reg Price of 133 c/lb. New crop harvesting continues without any […]
Analysing Export data and destinations of Ethiopian Coffee Exports from the last 2 years, we can clearly see that the quality issues over the last few months have resulted in some destinations gaining and others losing market share. Saudi Arabia is now the top destination for Ethiopia, with Germany (previously top dog) dropping to second […]
Shipments for August reached 26 k MT, which is the average for the last 5 years. However the 6 month exports March to September 2023 is still 19 K MT below the period’s average of 161,743 MT. We are now half way between the shipment period February to March, and it looks like we are […]
Retail Fuel prices were increased from 69 Birr/L to 75 Birr/L, a 12% increase in the price. However, inflation is at its lowest in 2 years and trending lower: For the past 2 months inflation has been below 30% p.a. which we have not seen for 2 years and has been decreasing for 4 months […]
With little else to discuss we look at what the Forex rate has been doing in recent months: Weather has remained favourable to ripening of the crop on the trees. The harvest in the lower lying areas of Bebeka and Tepi will start imminently and generally thought to be an early crop this year. Farmers […]
With lots of coffee still unsold of the current crop and the next crop just round the corner shippers seem increasingly willing to sell, however minimum registration prices for Naturals remain high. While there are unshipped contracts registered at higher prices it is unlikely that the Coffee and Tea Authority will reduce Minimum Registration Prices […]
As always, when the terminal market falls out of bed, export registrations grind to a holt; this week was no exception, current Minimum Registration Prices as follows: Internal prices are yet to reflect the lower international market prices, middlemen reluctant to accept lower Birr prices, particularly since they are well aware that shippers can since […]
July exports were just above 21 k MT, the lowest export figure for the month of July in 6 years. At this rate the 22/23 crop year exports will be around 220 k MT the lowest export figure since 20/21. The good news is the following year 21/22 (March 21 to Feb 22) shipments were […]
By all accounts stocks within Ethiopia remain very high, agrabes have stopped buying from farmers and exporters are not buying from agrabes, overseas buyers are totally absent so all trading is at a gridlock. Whereas there have been some small improvements in quality on the Lekempti coffees all other qualities are very poor. Washed coffees […]
June export figures just fell shy of 31 K MT; at first glance the figure seems fairly good, granted lower than the June shipments for the past 3 years but at least above 30 K MT; however, as we can see below, the path is clearly for lower shipments this season vs last which if […]
