Trade through the Ethiopian coffee week
ECX's floor ended with the export-grade trade of 6,239kg natural coffees just above considerably very low compared to the previous week. The trade of Natural Djimmah covered more than 70 % while the trade of Natural Sidama concluded the remaining portion. Except for Wednesday & Thursday, export grade coffee trade has been down compared to the previous week. This has been evident as vertical supplies have absorbed most of green coffee supplies.
ECTA's minimum prices for selected naturals have been going Natural Sidamo G4 at 2.31 , Natural Djimmah G5 at $1.97/Ib.& Natural Lekempti G5 at $2.00, in which the prices remained the same for all the 3 coffee types as they have been in the previous week.
March presented an average $1.947/Ib. ICO’s CIP down 7.6% compared to the prior month intervening the 17 months consecutive increment. Highest reduction came from Brazilian Naturals down 9.4 %.Global coffee consumption is projected to grow by 3.3 per cent, to 170.3 million 60-kilogram bags in 2021/22 as compared to 164.9 million for coffee year 2020/21.
