The Sidama region is aiming to supply a bountiful 130,000 MT of harvest.
The Sidama Region produces one of Ethiopia's most celebrated coffees, best known for its spicy, citrusy notes, crisp acidity, and rich body.
Following the ongoing harvest, the region’s administration announced an estimated harvest of 130,000 metric tons of green coffee. According to the Ethiopian Coffee & Tea Authority’s (ECTA) rough estimates, out of 140,000 MT 40,000-50,000MT will make it to high-quality export coffee. The region’s administration also reported that 160,000 ha of land is covered with coffee plantations.
As we reach the mid-week mark, the minimum prices as published by ECTA for Sidama are as follows: Washed Sidamo Grade 1 is priced at $3.72/lb, while G2 washed and natural are priced at $2.92/lb, remaining unchanged from the previous week. Sidama G3 and G4 Naturals are priced at $2.79/Ib and $1.97/Ib respectively, with G4 prices remaining unchanged and Natural G3 prices down by 1 US-Cent compared to the prior week.
We are pleased to collaborate with reputable supply and farming partners in the region who share exceptional coffees, allowing us to satisfy our client's interests and requirements better.
Arabica prices are on the rise for the week
On Monday, Intercontinental Exchange (ICE) futures in Arabica coffee surged substantially higher, recovering from a three-week low to hit $1.65/lb.
Source:https://www.nasdaq.com/articles/softs-arabica-coffee-rebounds-from-3-week-low-sugar-eases
Global coffee demand rising by 2% in 2030
Vanusia Nogueira, executive director of the International Coffee Organization (ICO), said: "Over the next eight years, it is predicted that around 25 million additional 60-kg bags will be required.“
Source:https://www.taipeitimes.com/News/biz/archives/2022/12/13/2003790607
