Over 300,000 tonnes of coffee was exported in the 2014 Ethiopian fiscal year (the new year started just five days ago) from which Ethiopia earned $1.4 billion dollars. The increase in revenue is explained in terms of an increase in coffee production and making quality coffee available in the international coffee market – which is linked to the reform measures. The Ethiopian government organized a recognition ceremony for coffee exporters in the country who contributed to what the government says is success in the international coffee market. Ethiopian President Sahlework Zewdie said reform measures in the country have enabled Ethiopian coffee to fetch better prices in the international market. During the last fiscal year, Ethiopia earned about 72 percent of its foreign currency from the export of agricultural products.

Source: Ethiopian News September 16, 2022 01:52 UTC