Roundup: Ethiopia expects over 700 mln USD from pulse, oilseed exports this year - News Summed Up

Roundup: Ethiopia expects over 700 mln USD from pulse, oilseed exports this year


Ethiopia's Minister of Trade and Regional Integration Kassahun Gofe said pulses and oilseeds are the backbone of Ethiopia's rural economy. China has been a major destination for Ethiopia's pulses and oilseeds export commodities during the past decade, particularly sesame seeds. Sesame, along with coffee, is one of Ethiopia's top export commodities, as the East African country's export sector is largely dominated by the export of agricultural products. According to recent data from the Ethiopian Pulses, Oilseeds, and Spices Processors Exporters Association, about 60 percent to 70 percent of the country's total sesame exports during the past decade went to China. Last month, the Ethiopian government disclosed that it generated over 1.5 billion dollars in export revenue during the first quarter of the current fiscal year.


Source: Ethiopian News November 21, 2024 17:15 UTC



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