Following on from 20 K MT + shipments in February, March exporters reached 27.7 K MT slightly more than March 2021 so on track for another big export year in 22/23. Moreover, mills in Addis are full of coffee and processing at full capacity so we are expecting these strong export figures to continue in April.
Trading remains fairly slow, offers although slightly improved in the raising market of earlier this week were starting to look more attractive however the terminal’s market performance of yesterday and today is once again freezing players out.
Certification bodies and agencies are struggling to renew certificates causing much uncertainty and logistical delays for exporters and importers alike, some pragmatism will be needed to enable normal flow of these coffees from origin to consuming markets.
Birr 51.19 = USD 1
Have a good (long) weekend
Leave a Reply
Want to join the discussion?Feel free to contribute!