Forex continues stable at a whisker below 32 Birr to the USD.
Our FOB Price ideas for forward shipments:
Prices at ECX has eased a tad this week for Limu and even Southern Washed coffee although differently they remain very dear.
Below graph shows the extent of the shortage of Southern Washed coffee arriving at ECX, between 2019 and 2020 the volume traded reduced by 6,200 MT or 73%, whereas Limu coffees (and other washed) increased by 2,200 MT or 39%, there is an overall decrease in Washed coffee availability by 4,000 MT or 29%. The reasons for this shortage were discussed last week, the consequences are high differentials for Sidamo, Guji and Yirgacheffe Washed coffees.
by Charles Seara Cardoso