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 in the export figure, but less than half of the 2021 exports is quite a drop!
The 2022/23 crop continues to develop well under sunny dry conditions. Stakeholders are optimistic of a good quality crop and with 2022/23 being an on-cycle crop, volumes will also be good. Harvesting as now started in Limu areas and with good weather conditions we expect the harvest to progress well.
Logistics continue to be very difficult, empty containers are very hard to come by so loading is slow.
The BBC published a 2 minute video which succinctly explains where the Tigray situation is at present: https://www.bbc.com/news/av/world-africa-63193772
Birr 52.73 = USD 1
Have a good weekend.