The authority revealed that it is undertaking various reforms within the sector that would help the country generate more income from coffee export. As a result of these efforts, the country has generated USD 107 million in March 2021 from coffee export for the first time. That figure rose to USD 111 million in April.
Ethiopian coffee marketing reforms and smallholder coffee producers: A socio-legal empowerment lens
In 2008, a marketplace, the Ethiopia Commodity Exchange (ECX), was launched with the aim of improving agricultural marketing and shoring up producer prices, and coffee trading through the ECX was made mandatory for all market participants except cooperatives and large plantations. But in 2017, following pressure from exporters, foreign importers, and the donor community, further reforms again opened up coffee trading outside the ECX.
“Luckin Coffee plans to use the proceeds of the investment to facilitate the company’s proposed offshore restructuring and fulfill its obligations under its recently announced settlement with the U.S. Securities and Exchange Commission,” the company said in the announcement.
“2021 will be a very exciting year for Emirati Coffee as we have enormous expansion plans. We are opening our flagship coffee boutique experience in Yas Mall Abu Dhabi in the third quarter and are expanding into Saudi Arabia with our distribution partner Hessa Trading Company also commercially known as Knowhere,” said AlMadfai.