It is pleasure to work around earth’s leading drink with 2.25 billion cups daily global consumption. ECTA is once again looking ahead for increased supplies over consecutive years.
The authority announced its plan in exporting 6 million green coffee bags & along with 2 billion USD earnings. This will come with an ambitious & additional 1.1 million bags compared to the volumes exported in the past Ethiopian FY. It is to be recalled that Germany, USA & Saudi Arabia imported close to 49% of Ethiopia’s export produce.
Ethiopia’s first free trade zone, Dire Dawa FTZ was inaugurated on August 14, 2022, aiming to increase efficiency and reduce logistics time and cost while increasing import substitution and export revenue, job creation, and skill transfer. The free trade zone is 300 km far from Djibouti port, 500 km from Berbera port, and 2.5 km from Dire Dawa dry port promising to be a transport & logistics operation hub. The contribution of the FTZ to Ethiopian coffee export will be a case that we look forward to seeing keenily for a commodity that depends upon the Djibouti route for most of its overseas journey.
SCA October 2022 event is expected to showcase relevant content to green coffee buyers & sellers in shedding light on changing markets. The buyers’ focused content will cover topics related to digitization fair value distribution, coffee buying ethics, and etiquette focusing on NorthAmerica & Europe while the seller’s content zooms in on understanding the market attributes of the selected regions.
