Ethiopian has earned over 1.1 billion U.S. dollars in revenue from the export of coffee in the past 11 months, the Ethiopian Coffee and Tea Authority has said. In May, Ethiopia generated about 150 million dollars from the export of over 27,000 tons of coffee, taking overall export revenue over the past 11 months to about 1.15 billion dollars in total, according to figures from the authority. “By the end of June, we hope that the nation will achieve a similar amount of export revenue as that of last year,” Debela said. “This fiscal year, the price of coffee in the global market has decreased but the price of Ethiopian coffee has increased due to the increase in quality.”Debela said Ethiopia will further boost its coffee export in the coming fiscal year by exporting quality coffee to more market destinations. Ethiopia, which is known as the origin of Arabica coffee, is widely recognized for its rich coffee quality and flavor, which ranges from winy to fruity and chocolatey, making its coffee varieties on demand across the globe.

Source: Ethiopian News June 15, 2023 07:21 UTC