Ethiopian Coffee and Tea Authority (ECTA) announced that Ethiopia earned USD 615 million between July and November this year by exporting 109,000 tons of coffee. The revenue surpasses last year’s gain from coffee during the same period by USD 100 million. According to ECTA’s Deputy Director General, Shafi Oumar, the country aims to export 360,000 tons of coffee and secure USD 2 billion during the current fiscal year. Ethiopia exported 300,000 tons of coffee to the international market and obtained a record USD 1.4 billion during the 2021/2022 fiscal year. It aims to increase coffee export to USD 4.6 billion within 15 years and its global coffee market share to 1.26 million Metric Tons by 2033.

Source: Ethiopian News December 22, 2022 00:02 UTC