Effective September 8, 2021, the National Bank of Ethiopia (NBE) instructed all the commercial banks to provide loans to coffee growers and businesses involved in the value chain. The development coincides with the coffee harvest season, expected to attain 280,000mt green coffee this year for the export supplies.
Exports of green coffee from Brazil, the world's largest producer, fell 27% in August from a year earlier to 2.33 million 60-kilogram bags as difficulties to find containers and space at vessels increased, exporters association Cecafe has said.
As extreme weather this year has damaged coffee bean crops in the world's largest coffee bean producer Brazil, coffee beans supplies are tightening up, which has put the price of coffee beans up to a six-year high and added costs to coffee shop owners in China, one of the world's largest consumption markets coffee.
