- Advertisement -This move comes after the domestic price of cattle meat skyrocketed beyond the international market price, making it difficult for Ethiopia to compete in the global market. Currently, the average price of exported cattle meat in the domestic market is a staggering USD 7.2 per kilogram, almost double the international market price. The proposed legislation comes at a critical time for Ethiopia’s beleaguered exporters, who have been grappling with exorbitant commodity prices in the domestic market that have far outpaced international prices. Sesame, grain, coffee, and other commodity exporters are also experiencing losses as the domestic price is much higher than the export prices. So importers increase the prices of their items in the domestic market to compensate for their export loss.

Source: Ethiopian News July 29, 2023 15:26 UTC