It is hard to remember a time without dynamics & events circling both the Ethiopian & the global coffee industry. Ethiopia’s February export sales revenue ended with a record $101.5 million while the ICO reported February’s CIP rose to $210.89/Ib.
We are approaching mid-March as our successive batches of shipments are arriving to our esteemed customers in the different continents. The atmosphere around our warehouses, the stock movements, reports from our farmers & sourcing officers have been quite warm amidst the dynamics of the Ethiopian coffee week.
We are ever grateful for your dependable engagement across farms, the environment, processing stations, coffee labs, trading desks & for touching our lives. You have colored the cherries & sweetened the cups!
Happy Women’s Day to all the brave woman coffee pros, to the amazing moms, to the beautiful wives, to the adorable daughters & to all the families.
March seems to start colorful to Ethiopia with the 126th celebration of Adwa as hundred thousand commemorated the day at Emperor Menelik II square. Arabica’s darling has seen the addition of a state-of-the-art coffee training center while the demand for its beans continues to surge both internationally & locally.
February has been going excellent both in our shippings & sales. This week most of the coffees for our earlier exports contracts have departed to their final destinations. On another exciting note, ECTA’S briefing came out about the increasing demand for Ethiopian Honey specialties.
As our export booked coffees are arriving in Addis Ababa Ethiopia’s record green coffee shipment seems to be steady with over 162,818 MT over the past 7 months & along with the soaring global demand for its naturals.
Ethiopia is regarded to be the origin of the first Arabica coffee & cradle for its consumption. With a lot going on to Ethiopia’s coffee in 2022, NY “c” arabica prices reached $2.58/Ib. along with steady price increment for more than 12 months as reported by ICO’s January market report.
As heads of states & governments of 55 African nations set in Addis Ababa for the 35th annual AU Summit, the end of January marked the arrival of the best-selected naturals into our warehouses.
We wish you a happy new year as the fullness, vitality, and vigor of the Tiger.
Ethiopian coffee has been in the news a lot lately. Harvest approaching its peak at the high altitudes of Bensa & is still to proceed at elevations of Yirgacheffe. We had an interesting week packed with increased volume of Natural Godere coffee traded & the steady price spikes in vertical contracts just along with estimated 10.7million bags global deficit for the 2021/22 coffee year.
2022 seems to have riches & excitement in many endeavors for Ethiopian coffee. While the volume of green coffee increased at the exchange’s floor, it is learned that the regional administration of Oromia came with a decision to trade more in the vertical integration scheme. The purchase of 11k bags of coffee in just 5 seconds hinted at what 2022 has in store for Ethiopian coffee.
Ethiopia’s coffee industry is witnessing quite an extraordinary momentum as changes are taking place across its pricing i.e cherry to green, financing, competitions between numerous shippers, stakeholders & many more. We had an intriguing week as NBE directed shippers to use only 20% of their foreign currency earnings.
January is a key month in the Ethiopian green coffee as discussions for the new crop get warmer as type & offer samples arrive at warehouses in Addis Ababa. With Ethiopian Christmas going over the week ECX’s trade slightly dropped while prices surged for vertical contracts green & red coffee cherries.
As we step into 2022 we heard great news from the central bank into the financing of green coffee processing. On the trading end, the ECX floor has seen a trade of 2,583,953kg of green coffee over the week out of which the Washed processed covered 672,059kg & Naturals accounted for 1,911,876kg. The volume of Washed Limmu & Sidamo totaled 217,026kg while natural Sidamo amounted to 209,727kg.
On behalf of the Sinopia coffee team, we wish you a great time with family, friends, and colleagues. May you serve exceptional Ethioapin green coffees in 2022! Like every season, we are available to assist you in sourcing great and memorable coffees.
Happy holidays, and stay in pursuit of fine Ethiopian green coffee!
With major holidays going on just along with the winter season coffee consumption takes its peak. Seven of the top 10 consuming nations are in the northern hemisphere accounting for more than 50% of global coffee consumption. As we settle the week ECX’S floor has entertained the trade of a total of 3,713463 kg green coffee comprised of 2,528,461kg naturals & 1,185,002 kg washed, while USAID’S report noted global consumption rising to 1.5MM bags to 164.9 million during 2021/22.
As we conclude 2021, December is in progress with increased green coffee trade at ECX’s floor. The second quarter at ECTA is going incredible as well as November shipments recorded to be 25000MT. The weather seems to be in tandem with the harvest as more than 30% of the red cherry has been picked at Djimmah, 50% at a larger portion of Sidamo, Guji & Yirgacheffe.In all of these developments, 2020/21’s crop seems to perfectly leave to the promises of 2021/22's produce.
As we approach the peak of the harvest season, we have been able to collect the freshest red cherries & started the due processing across the most renowned producing regions. Ethiopia’s shipment for December is expected to be 15,602 mt. We are looking forward to a 7% production volume increase over 21/22’s coffee compared to 20/21.
Harvest looks to be going excellent across most growing regions with most of our processing stations being ready. Price expectations look to be generally high for washed coffees & while increased supplies of Naturals are reaching ECX’s floors. We are continuing in scaling up our investments in the supply chain to control much of the coffee supply by positioning ourselves closer to the farmers. As a company focused on growing the business of clients and that of ours we exhibited Ethiopia’s finest at Cafe show Seoul 2021 from Nov10(wed) - 13(Sat),2021 which was full of warm experiences.
As the remnant of 2020/21 coffee continues to get processed, stuffed in containers, and transported to Djibouti for shipment, growing areas continue to harvest & process 2021’s best. In trading ends the ECX reported that it has traded 17,690mt in the first Q1 of the Ethiopian 2021/22 FY while ECTA reported its shipping to have reached 108,808 mt worth 417 mm USD which once more re-affirmed the superior executions.
October has seen successful shipments of 21,226.5 MT while supplies for November are going 15,928 MT & with 15,602MT for December which has an increment from the same period of the year before. Harvest has been finalized & processing has kicked across low-land areas while some of it is on the way to the central market. With remarkable execution of the prior quarter followed by current performance, we will be expecting supplies record of 30K MT by 2020/21 crop along the March to February export year. Arabica prices have surged more than 60% this year in NY after frosts and drought slashed output in Brazil while Colombia has been struggling with too much rain. Amidst these developments, the origin of Arabica coffee seems to enjoy records for the full year.
The past few weeks we have been much closer with our producing & supplying partners making sure our operations & plans are going smooth amidst some security concerns. We understood things are going smoothly both along our shippings, harvests & arrivals. With the incredible performance of the first quarter along with the ongoing promising second quarter of Ethiopia’s FY, it seems we are once more entitled to surplus produce and the opportunity to serve with it.
Hello dears, we are back again at the Cafe show, from Nov10(wed) - 13(Sat),2021. As an ambassador of the most sought-after green coffee beans from Ethiopia, we look forward to laying foundations for the most delightful relations & strengthening our existing ones.
We will be in Hall C, Booth C722. Please come by and meet our colleague Mr. William with his staff in place to discuss your coffee needs.
It seems Ethiopia’s first-quarter shipping performance assures its dependability for the year ahead, as ECTA reported USD 330 earnings with an extra USD 120MM. August & July shipment has seen an increment of 24,169mt from the same period of 2020 with 49,795.5mt of export supplies. It is to be recalled that we have seen 161 % & 81 % volume increments for the two months respectively. As custodians of these beans, we are excited evermore in sharing the best from the harvest.
September’s ICO composite indicator of coffee prices rose by 6.2% to 170.02 US cents /lb. compared to 160.14US cents/Ib. of August 2021 with 607.2k MT exports. Consumption is resuming to pre-pandemic levels with a projected rise of 1.9% to 167.26 mm bags in 2020/21 compared to the predicted 164.13 mm bags in the 2019/20 coffee year.
With most Ethiopian pastures going green, harvest underway & the adequate rains slowly fading we are lunging for dependable execution for 2021/22 with utmost preparation along with our ongoing shipping.
As harvest is to start in a couple of weeks we had our corporate retreat at Entoto Park where we indulged in our success and shared warm sentiments for the year ahead.
As October 1st sees the celebration of the International coffee day we wish all the various stakeholders a happy holiday with the weights of Ethiopia Arabica green coffee beans.
As the new Ethiopian year unfolds coffee producers are yet to happily engage in their harvest with NBE’s recent loan incentives. We are also expecting fine supplies performance for September as we witnessed the remarkable 32,000MT of August which has seen an increment of 12,000MT from the same period of 2020.
September 11 marks the beginning of the new Ethiopian year with FDRE MoF indicated the economy’s commendable performance & ECTA is in better shape for increased performance. We at Sinopia are privileged to be part of this development send our Happy Ethiopian new year wishes to the millions of stakeholders who envision and work for the betterment of Ethiopian coffee.