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Updated · fanamc.com · Jul 2Ethiopia Tops $3 Billion Coffee Export Goal in Under 1 Year
3 articles · Updated · fanamc.com · Jul 2Summary
- $3 billion in coffee export revenue has already been exceeded in Ethiopia's current fiscal year, Agriculture Minister Addisu Arega said.
- Government efforts to raise production and productivity, along with improved coffee quality, drove the overperformance, according to the minister.
- $2.65 billion was earned from coffee exports in the previous fiscal year, making this year's result a clear step up before the fiscal year has ended.
- The milestone underscores coffee's central role in Ethiopia's export earnings, with the minister crediting stakeholders across the value chain.
Insights
As Ethiopia chases a $6 billion coffee boom, can it protect the quality and farmers that built its brand? With China's new zero-tariff policy, is Ethiopia's coffee trade pivoting away from its traditional Western markets?