Addis Ababa — :-Ethiopia has secured more than 1.3 billion USD during the concluded budget year by exporting 240,000 tons of coffee. The nation's plan was to secure 1.8 billion USD during the stated period. Despite all the challenges the coffee market faced at the global level, the revenue gained is almost closer to the last year's achievement which was 1.4 billion USD, according to Ethiopian Coffee and Tea Authority. The country managed to export 300,000 tons of coffee last year and secured about 1.4 billion USD. Coffee is critical to Ethiopia's economy, generating 24 percent of the nation's export income as USA, Japan, Saudi Arabia, Belgium, and Germany are major export destinations.

Source: Ethiopian News July 11, 2023 14:08 UTC