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 on the trot.

Meanwhile there is little trading in Ethiopia, Minimum Registration Prices are too high and quality leaves a lot to me desired. We should have August shipment figures next week, again these are likely to disappoint.

Weather remains favourable for the harvest which is rapidly approaching.

Birr 55.14 = USD 1

Meanwhile the BBC reported on a confrontation in Tigray between protesters and authorities:

Have a good weekend.

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