Ethiopia’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 862.5 million dollars.
“The new coffee is yet to come to the market and it will increase the volume of the coffee that we export,” said Getahun.
At the beginning of the fiscal year 2014/15, Ethiopia, which supplies less than five percent of the world’s coffee, was said to benefit from the plague on the Brazilian coffee. The production of Brazil’s coffee was said to decrease significantly although it only decreased by five percent.
“We did not benefit from the coffee market as we expected when we heard of the Brazilian coffee issue although we have achieved our target,” Getahun said.
