Out in the coffee growing areas many washing stations remain closed or only operate a few days a week. There is little cash to buy red cherries and prices are between 40 and 60 birr/kg of cherry at farm gate level. Farmers themselves are only selling small quantities of fresh cherries, larger quantities of cherries […]
The Harvest is well and truly underway! Washing stations are now open throughout the coffee growing regions. However, many remain closed or operating well below capacity (only opening a few days a week). Lack of financing and high prices are the reasons for this. Cherry prices are all over the place, in Guji prices are […]
While on the one hand we are increasingly optimistic that the Ethiopian conflict that has been raging for the past 2 years has a chance to finally come to a resolution, when it come to the coffee crop, the situation is rather dire. Many washing stations in areas that produce some of the country’s best […]
Yes, for all the wrong reasons, following months of being out of the limelight Minimum Registration Prices (set weekly by the Coffee & Tea Authority) once again become relevant and will act as an impediment to trade unless revised to reflect the sharp decline in the terminal market in past the 2 weeks. Tuesday’s (25th […]
Shipments reached 190 k MT for the period March to September 2022 vs. 213 k MT for the same period, March to September, in 2021. The 4 year average (18 to 21) for the same period is 179 k MT. It is positive that the current off-cycle year exports is above the 4 year average […]
Exports for the month of September will not reach 10,000 MT, a far cry from the Sep 21 exports which totalled 23 K MT. The Coffee & Tea Authority is so incredulous of the figure that they have decided to double check Bills of Lading records before publishing their findings! We were expecting a reduction […]
African Union sponsored peace talks are to start in South Africa both sides in the Ethiopian conflict have confirmed. This after 2 years of conflict and a recent escalation of the fighting in the North of the country. This is a breakthrough that has been long in the waiting, much hope and expectation on a […]
The Government in Ethiopia is struggling to keep a lid on price increases, this week the price of fuel at the pump increased by 20%, which prompted the Black rate for the Birr to also accelerate deviating from the official rate, one USD is now worth 96 Birr on the black market whereas the official […]
In a recently published report, Deloitte pegged Ethiopia’s GDP growth for 2021 at 6.3%, higher than the previously estimated 4.0%; no doubt that the Coffee Sector’s contribution was very important. For 2022 Growth is expected lower at 3.8%, with coffee shipments lower this year than last, we expect that the sector’s contribution will be reflected […]
Whilst the official Forex rate has remained stable over the past few months, the Black market rate has been devaluing continuously, this week reaching 90 Birr to the USD. We last reported on forex rates in August when the Black Market rate reached 85 Birr to the USD, having lost another 6% in the past […]
