July 19, 2024

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coffee exports of ethiopia for June 2024

Ethiopia Makes Record-Breaking Coffee Exports in June 2024

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Ethiopia, a major coffee producer, recently announced that it has exported a record-breaking amount of coffee to international markets in June 2024. The Ethiopian Coffee and Tea Authority reported that the country supplied 46,000 metric tons of coffee during this period, generating a revenue of $218 million.

This achievement surpasses the previous year’s total coffee exports of Ethiopia, which amounted to 298,500 metric tons, valued at $430 million. Compared to the previous fiscal year, this year’s coffee exports have seen a 20% increase in volume and a 7.5% rise in revenue.

The coffee industry plays a crucial role in Ethiopia’s economy, providing employment opportunities and generating much-needed foreign exchange. The recent record-breaking exports are expected to have a positive impact on the country’s economic growth and development.

Last month, the Ethiopian Coffee and Tea Authority shared that they had exported 252,446 tons of coffee in the last 11 months of the current fiscal year. And they generated more than $1 billion ($1,208,730,000) from these 252,446 tons of coffee exports. Read More…

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