About $1.15 billion has been secured from 110,000 tons of coffee export during the 11 months period, per the Authority. Ethiopia, for the first time in its history, exported 300,000 metric tons of coffee valued at $1.4 billion to the global market last year. The achievement was made when the price of Arabica coffee in the global market enjoyed well above $2 per pound for most of 2022. According to the ECTA, the share of the specialty coffee in Ethiopia’s export so far this year is 70 percent. “We are offering coffee that can withstand the price volatility of global coffee,” Adugna said.

Source: Ethiopian News June 13, 2023 23:31 UTC