It is not new news, quality of this year’s crop is poor, specifically Grade 5s from Wellega (Lekempti) and Djimmah areas. Furthermore, the wet weather that has plagued the country since March is causing big delays in moving coffee from upcountry to Addis. Stocks in Addis are greatly reduced for this reason plus the additional […]
The relentless decline in terminal prices has brought whatever small interest there was to a holt. Minimum Registration Prices for Grade 5 coffees are around level NY so there are no buyers. Washed qualities are also over priced at over 280 c/lb for Yirgacheffe 2 and Sidamo 2 with Limu 2 at 225 c/lb FOB, […]
May inflation rate = 30.8 % which might sound like a high rate of inflation however it’s the lowest monthly rate since 2021 and a decrease from 33.5% in April 2023. Unfortunately that is where the good news stops! The problems that have been plaguing the coffee business in Ethiopia we have been mentioning time […]
Shipments in May increased by 10 k MT on the April figure. At 27 k MT the exports for May are much improved on the April exports however remain 2k MT below the average of May shipments for the previous 5 years. When the Coffee & Tea Authority publishes its annual export figure it is […]
In a bid to accelerate shipments and push exporters to ship, the Ministry of Trade is introducing a new 15% Tax on coffee that is held for over 12 months unshipped. Additionally, there will be penalties for “hoarding” coffee rather than shipping. This move is the latest attempt by the Government to increase exports and […]
The weather continues to be humid and is getting colder as “winter” approaches. Rain stops coffee from drying or remaining at optimal moisture levels, and makes roads impassable. Quality concerns are ongoing with many samples rejected for earthy, musty cups. Meanwhile shipments, while not completely at a standstill, are much lower than what they should […]
There was a change of head of department at the Ministry of Agriculture in the past few days. The incoming team is putting increased pressure on the Coffee and Tea Authority (CTA), Millers and Shippers to accelerate shipments and increase USD flows to the country. Commercial mills are full of coffee that is stuck, not […]
Heavy rain has been reported throughout the coffee growing regions of Ethiopia and Addis Ababa, with mixed blessings for the coffee industry. On the one hand the rain is greatly benefiting the crop on the tree, on the other hand, transportation of coffee of the current crop from the growing areas to Addis for processing […]
Another short week in Ethiopia (with 2 holidays) with little to report on the trading side, as the NY market is well below the highs seen in mid April, shippers’ offers go unanswered. Shippers are starting to deliver on the sales concluded in February, quality remains a concern but is improving (slightly). Shipments still moving […]
Shippers continue to offer, however a combination of lower terminal market, higher minimum registration prices and buyers having “filled their boots” when NY rallied a couple of weeks’ ago have resulted in less business being concluded. Quality concerns are an ongoing issue, both in Naturals and Washed coffee qualities. Weather continues wet, normal for this […]
