Will Ethiopia’s 2022/23 natural green coffee set sail soon?
According to the Ethiopian Coffee and Tea Authority (ECTA), more than 126,649 MT (70 percent of the planned volume) of green coffee have been exported, with earnings exceeding $703 million (80.9% of the planned revenue). We have learned that despite the volume decline (due to local coffee movement time), earnings have shown an increment compared to figures for the same period of the prior year (attributed to exports of G1-G3 coffees). It is known that late January marks the end of the preparation for washed coffee, which starts its movement and peaks its trade (local and international) in early February while trading for Natural coffees starts late March and gets its peak in the few months to come. International prices have been boosted just at the midpoint and close of the week following Intercontinental Exchange (ICE) monitored arabica coffee falling to a three-and-a-quarter month low of 746,933 bags. For us, March has been a critical month in getting our hands on one of the best coffees Ethiopia offers for 2023, as we meticulously executed our sourcing at our various collection sites and with partner out-grower farmers. As we look forward to a vibrant coffee trade, we encourage our clients and green coffee enthusiasts to check our latest weekly offers at https://sinopiacoffee.com/prices.
