We have more good news in the coffee week as the Sidama region’s harvest is expected to reach 143,300 metric tons of green coffee.
ICO’s latest monthly report indicated coffee consumption exceeding production by 3.1 million bags for the year 2022/23, expected to motivate increased trade of green coffee.
The week ended on a positive note as Arabica coffee futures picked up from previous weeks, which encourages the movement of coffee to the terminal market.
The end of November has been going well with announcements from the World Coffee Research (WCR) and International Coffee Organizations (ICO) reports, which laud 2020/21 as "the year of recovery" compared to the 2019/20 coffee year.
Ethiopia’s July-Sept shipments have reached 72,864 MT with Sidama coffee volume share reaching 25.8% (18,815.54MT ) worth $118.33 million reported by the ECTA.
The good news along the South Western coffee belt continues as the Sheka sub-region doubles its supplies & the Oromia region reaches a record coffee seedling planting.
We are concluding October with good news from harvest areas. The Yiragcheffe announced its expectations which will see increments in its specialty supplies.
The coffee week started beautifully with records, the newest trends, intriguing research findings, and promising events channeled through hemispheres & continents along with the 8th International coffee day celebrations.
Indeed we are in one of the fascinating seasons in the Ethiopian coffee calendar as the early days of the new harvest get spectacular with the celebration of International Coffee Day.
As we reach the closing of September we take great pleasure in wishing you a Happy Mesekel celebration.
As the news highlighting Ethiopia's coffee performance continues, Arabica’s very first origin is expected to yield a record 200,000MT of green coffee.
The positive notes on Ethiopian coffee are continuing well with the National coffee day celebrated on September 15 & 16.
Happy Ethiopian new year
As we gear toward the grand harvest we are tuning into the Ethiopian new year.
We reached the end of August with promising notes for Ethiopian auction coffees and announcements for major global coffee events taking place in the few months to come.
We have passed the mid-August mark with ECTA’s announcement of exporting 6 million coffee bags with over 18% increment from the previous FY. Other news includes the inauguration of Ethiopia’s first trade zone & updates on SCA’s October event.
August is somewhat signaling the improved trade of Natural coffees which is expected to continue for the upcoming consecutive 5-6 months. The past 3 years have shown us the promises of Northern Ethiopia, especially the Amhara region Gugsa district in which a constant calibration is done in our labs to come up with a product portfolio catering to the needs of our good roasting & green coffee friends.
August has already set with ECTA’s good news of 299,314.32MT record export green coffee supplies matched by a record 1.4 billion dollar revenue.
The growth in the number of coffee retail outlets has been regarded as the major driving force for increased green coffee imports. Related to this development imports of Ethiopian green coffee have surged by 196 % compared to the same period in the past Ethiopian FY.
The alluring news circling Ethiopian coffee seems to continue in July as well with ECTA’s latest forecast of a surplus harvest. Rainy July is also accompanied by Sidama coffee’s dominance at COE Ethiopia 2022.
We take it to the first days of July, just better with the launching of Ethiopia’s comprehensive coffee strategy, USDA’s 2022/23 production & consumption forecasts of increases & the collection of good memories from WOC, Milan.
June seems to be refreshed with coffee professional engagement in London's British Coffee Association event & even better at the World of coffee, Milan from June 23 - 25, 2022.
With ICO’S CIP (Composite Price Indicator ) getting down 7.6% compared to the prior month it will be interesting to see this change affecting the movement of green coffee from origins to importing destinations & encouraging it to do more business.
End of March seemed to go with surprises as the ECTA came up 14-17 % increments upon export minimum prices while Monday & Thursday were silent on the ECX’s coffee trading floor.
Ethiopian green coffee remains to be one of the most sought-after products amidst the diverse challenges & opportunities it gets presented to from time to time. It is going to be an interesting year as we are continuously working in understanding the concerns of clients, dynamics of the industry & be consistently in good shape by doing every great thing for our deserving stakeholders.
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.