Poor Farmer

  Ethiopian Coffee & Tea Authority Relaxes Coffee Export Restrictions  Addis Fortune November 14, 2020 Coffee traders can now send all grades of coffee beans to the global market, in contrast to the previous law that allowed them only to export the top four grades of coffee, according to a new directive issued by the Ethiopian Coffee & Tea Authority. Farmers and exporters can also directly ship the beans without going through the trading floors of the Ethiopian Commodity Exchange (ECX). The new scheme allows fifth grade and under grade (UG) coffee beans, which up until now have only been supplied to the local market, to be exported. Coffee quality experts at respective regional offices of the Authority will determine the grade of the coffee. The Authority at its head office issues permits to the exporters every year, while regional offices are delegated to grant export permit to farmers who have at least two hectares of farmland. The Authority sets standard prices on a...

Prioritizes regulation of under invoicing, contract defaults By  Birhanu Fikade The Reporter January 4, 2020 The Ethiopian Coffee and Tea Authority has issued a new directive to regulate exportable coffees' minimum price on the grounds of the global weighted average,  The   Reporter  has learnt. The new directive termed: “Export Coffee Contract Administration” will determine the minimum selling price of coffees through everyday price analysis that involves both the Authority and the National Bank of Ethiopia (NBE). Heiru Nuru, director of Market Information and Regulation Directorate with the Ethiopian Coffee and Tea Authority, told  The Reporter  that the directive which solely seeks to abate illegal transactions done through under invoicing and contracts defaults, will also weight the trends of global coffee prices on a daily basis. Hence, the global weighted average will be the benchmark used to set out the minimum prices so that...