Ethiopian Coffee Price Minimums: Early 2024 Update
S.N Coffee type Exporter Type Grade Processing Type Stan.Price usc/lb 1 Abysinia mocca Commercial 1 Natural 4.43 2 Andrecha Commercial 1 washed 2.96 3 Arsi Commercial 1 washed 3.72 4 Arsi Commercial 1 Natural 3.80 5 Babaka Commercial 1 Natural 3.16 6 Babaka Commercial 1 washed 3.10 7 Bale Commercial 1 washed 3.72 8 Bale […]
Ethiopian Coffee Price Minimums: Late 2023 Update
November 14 – 20, 2023 Export Coffee Minimum Price Data S.N Coffee type Exporter Type Grade Processing Type Stan.Price usc/lb 1 Abysinia mocca Commercial 1 Natural 3.79 2 Andrecha Commercial 1 washed 2.57 3 Arsi Commercial 1 washed 3.22 4 Arsi Commercial 1 Natural 3.26 5 Babaka Commercial 1 Natural 2.71 6 Babaka Commercial 1 […]
Coffee Prices Drop As The 23/24 Coffee Harvest Begins In South-Western Ethiopia
The coffee harvest season in Ethiopia, affected by factors like altitude and weather, usually spans from late September to January. It begins in the lower elevation areas of Bench, Sheko, and Bebeka in the South Western region and concludes in the higher altitude regions of Bale, Sidama, and Guji in the South Eastern part. As […]
Ethiopian Coffee Exporters Caught In Regulatory Crackdown
The National Bank of Ethiopia (NBE) is probing claims that certain coffee exporters misused special lending benefits meant to facilitate their overseas trade operations. Acting on a tip-off about potential irregularities from the Ethiopian Coffee and Tea Authority, the NBE directed domestic banks one month ago to conduct audits of loans and advances granted to […]
Ethiopian Freight Operators in Frenzy as Extension Period Wanes
Freight transporter associations and drivers face a four-month lifeline to transform into commercial entities or meet the consequences, which entail an embargo on crossing the Djibouti border. The notice is a sequel to the decision put forth by Minister Alemu Sime (PhD) of Transport & Logistics in mid-August which was forewent following the pile-up of […]
Coffee Prices Drop as Brazil Rebounds, Pressuring Ethiopian Exporters
Coffee exporters are grappling with a sharp decline in the international price as the world’s largest producer ramps up its supply. A 43% plunge in prices last week to 1.48 dollars for a pound prompted the Ethiopian Coffee Exporters Association (ECEA) to caution its 510 members from stocking inventory and reassess suppliers’ prices. This setback […]
Addis-Djibouti Corridor Get A Major Upgrade
The Addis-Djibouti corridor, a vital trade route and a lifeline for Ethiopia’s 120 million people, will get a significant upgrade thanks to the newly approved Horn of Africa Initiative’s Regional Economic Corridor Project as a key to unlocking connectivity and trade for Ethiopia and the Horn of Africa. According to World Bank, the project, endowed […]
Central Bank of Ethiopia Announces Forex Retention Changes
The National Bank of Ethiopia (NBE) altered the forex retention and distribution rules, where exporters will have to surrender 50% to the central bank and 10% to the commercial banks. The changes announced today include adjusting the threshold borrowing rate of commercial banks from 16% to 18% while limiting direct federal government borrowing to one-third […]
Ethiopian Domestic Coffee Trade Update
In the first two weeks of July, the coffee prices around Jimma zone for G1 coffee was between 5450 – 5600 ETB ($100 -$103) , where G2 coffees and old crops were sold for 4500 ETB ($82.30) per feresula which is equivalent to 17 kilos. The common payment method used is paying after receiving the […]
Coffee Bean Development Update
Being in the 3rd week of July, the performance of the coffee in most parts of Jimma zone looks good. Most of the flowers seated so far are growing to beans indicating the season as a heavy crop season. From the beginning of July coffee plants are under the bean development stage which is the […]
