Ethiopia’s coffee export exceeds revenue target in first half of 2014/15; leaves uncertainty in future performance
Ethiopia Beats Coffee Export Target With Higher Than Planned Revenue Country gains 307.5 million dollars with an actual export of 73,227.9 tns while expecting 269 million dollars from 73,593.5 tns of coffee. By Brook Abdu Addis Fortune (Addis Ababa) March 9, 2015 The half fiscal year of 2014/15 saw a success in terms of achievement in the export of coffee although it leaves uncertainty in the future of the coffee market. The country's plan for the first six months of the budget year was to export 73,593.5tn of coffee and gain an income of 269 million dollars. The actual export was 73,227.9tn, from which a higher than targeted revenue of 307.5 million dollars was gained. "The gain from the export exceeds the plan because the international coffee price was better in the export period," said Getahun Bikora, coffee marketing director at the Ministry of Trade (MoT). This year's plan of the Ministry is to export 235,950tn of coffee to gain 8...