In these recent few weeks, we are taking a moment with our importing partners in appreciating the fruits of our 2021 relationship & lining out plans for the coming year. Just to name a few we had our Volcafe & Sucafina friends the past week. Dears, it is going to be great.
Ethiopia’s specialty coffee market has seen an increase to a total of 31 importing destinations with import volume increment from the US, northwestern Europe & Australia.
ECTA’s mid-week report came with good updates about July 2021 shipments. The report highlighted the results came due to the dependable quality of Ethiopian coffee and its related performance.
Ethiopia the third-largest supplier of Arabica coffee has supplied over 0.5 million bags more of the 2020/21 crop compared to the 2019/20 crop at this point of time compared to 12 months ago. March to July 2021 export supplies totals 158,000MT versus 123,000MT of the same 5 month period in 2020.
Ethiopia’s stable arabica coffee supplies forecast may bring an alternative remedy to Brazil’s and Colombia’s decreased supplies forecasts.ECTA has recently assured the supplies of 4.6 million bags to the global market in its current market years with additional bags of 31,689 MT from the previous FY. For us, it is a matter of greater interest to carefully follow these local and global developments in serving the best interests of our importing partners and other stakeholders.
Ethiopia’s coffee contributes to 37% of the agro commodities and 25% of the country's total export revenue. The newly formed Ethiopian Coffee Association will take the major lead in the organization of Cup of Excellence (CoE) 2022. The 3rd World Coffee Producers Forum laid a foundation in going beyond the vital income for coffee producers.
In the past 6 months, close to 6,000 linkages have been created between farmers, collectors, and buyers through vertical integration, shipping 133,000MT of coffee overseas. The ECTA plans to increase its export volume by more than 32,000 MT for 2021/22 FY.WCR releases highlights of the 2020 report.
Ethiopia’s Forest Coffee: An Illustrated Guide highlights our country still has some secrets to share with the coffee industry. The Asia Pacific Quality Control (QC) team recently conducted a 9-month test to explore possible ways to maintain coffee quality while minimizing the environmental impact of storing coffee.
Ethiopia Cup of Excellence set a new record with an average price of $32.12/lb and total proceeds of $1,803,557.95. World consumption for the coffee year 2020/21 is projected at 167.23 million bags, an increase of 1.9% on its level of 164.01 million bags in the coffee year 2019/20.
We participated in the Busan coffee show from June 23-26,2021.
ECTA reported its keen interest in bringing Chinese investments to Ethiopian coffee supplies. Sector reforms in Kenyan coffee brought increased revenues. Caffeine market will reach US$23.22 billion by 2027.
Sinopia digests the top industry news from the past week. Here are the stories. Global inventories are expected to drop 7.9 million bags to 32.0 million bags, coffee capsule market reaching 19.4 billion by 2025 and decreased CLD incidence due to coffee intake.
Sinopia digests the top coffee industry news from the previous week. Here are this week’s stories. Cecafe reported the decreased Brazillian coffee exports for the month of May while ECTA reported record export revenues and execution for the month of Ginbot(May 9 - June 7,2021) from Ethiopian coffee exports. Other stories include Honduras 2021/22 coffee production report and instant coffee global market growth analysis.
Sinopia digests the top coffee industry news from the past week. Here are this week’s stories as ICO forecasts 2021/22 escalated consumptions, Ethiopia opens modern training center and Descamex tips on decaf.
As we wind up the week there were noteable briefings from the various stakeholders linked to the Ethiopian coffee trade .The ECTA emphasized the earnings and the benefits harnessed from the increased number of vertically integrated farms while the globally leading coffee trade presses highlighted COE Ethiopia 2021 speciality winners .
As the week unfolds we came to witness some important schemes in Ethiopian micro-lot coffee trade by ECTA and ECX .BMZ Germany announced it’s 58,000$ CIF 2.0 fund awardees, which empowers activities within the coffee value and supply chain.South Africa’s largest coffee chain retailer Vida e caffe announced its expansion moves to the west Africa coffee shop market.
This week remarked a major event as Cup of Excellence Ethiopia winner’s announcement took place. Sinopia as company looking forward to advance with the weights of Ethiopian coffee, this development has meaningful place among us, as the event aspires to promote the quality and uniqueness of Ethiopian coffee in the global stage.
The USDA – GAIN May report came with interesting facts in regards to increased Ethiopian coffee production for 2020/2021 MY in contrary to the gossips of decreased supplies. The NCA /SCA report has recentily uncovered industry and consumer findings pre and in covid-19 times.
Last week's news brought a spot of good news for Ethiopia, beginning with cooperatives supported by Farm Africa in Bale with the aim of developing forest-friendly livelihoods including coffee production. The other piece of news is that Hebron plc has founded a company dedicated to the manufacture of coffee capsules, making them the first in Ethiopia. That we believe is wonderful news in terms of assisting with current climate change as well as bringing a new industry into the country that will raise revenue.
+ HAPPY EASTER + to those who are celebrating.
Singapore International Coffee Convention & Specialty Coffee (Micro-Lot) Hybrid Auction 2021 will take place in about a month. This is the second time the event has been organized to assist coffee producers and importers from around the world. We are pleased to inform you that Sinopia is the first Ethiopian company to take part and will be participating in the auction with our best coffee kind, Natural Yirgacheffe Grade 1. We look forward to the event.
Ethiopia earned $107 million in revenue from coffee exports in March and April, according to one of last week's news, but this week's news that piqued our interest stated that Ethiopia has risen to second place as a green coffee bean producer and has fallen to eighth place as a green coffee bean exporter as the country's revenue increased, which had not exceeded $100 million in previous years.
Ethiopia raised $107 million in revenue from March 10 to April 2021, according to the Ethiopian Coffee and Tea Authority. The amount has been earned from the sale of 27,000 tons of coffee. According to the Authority, this is a monthly record high in coffee earnings. To continue this, the authority is implementing a variety of changes, one of which is a vertical integration process, which has been instrumental in shortening the long coffee supply chain. This result makes us proud as one of the companies participating in the vertical integration mechanism, and it motivates us to work even harder.
Covid-19 resulted in several causalities in all directions. The effect on the corporate world was also so significant that we couldn't bear it any longer. The impact of covid-19 on the coffee supply chain as well as the types of coffee that are shipped is described in one of the news stories that we published. Traded volumes of high-quality specialty coffee declined as a result of the COVID-19 pandemic while volumes of lower-quality specialty coffees increased, according to a recent analysis from the authors of the Specialty Coffee Transaction Guide.
The coffee is grown at elevations ranging from 1770 to 2300 meters. Having fertile soil, sufficient rainfall, and a pleasant climate that aids in the growth of the coffee. Which also nurtures the coffee, benefiting the coffee grown in that area, giving it a distinct flavor.
Sidamo is a province in southern Ethiopia that was named after an Ethiopian ethnic group known as the Sidama. Sidamo is considered one of Ethiopia's most active coffee-growing regions in the Southern Nation, Nationalities and peoples’ region (SNNPR), producing large quantities of consistently excellent coffee.
Unlike the previous week, this week has seen a major change, with a global shortage of shipping containers causing a crisis in the coffee industry in the United States, possibly contributing to a rise in coffee prices. In turn, wholesale prices are increasing, as the industry prepares for more repercussions from a global shipping container crisis that has disrupted the food supply chain. Coffee roasters in the United States are showing significant cost increases. It also has to do with shipping. Which has been the week's most important news and debate.
Coffee is one of the few things that everyone enjoys. Every day, about 400 million cups of coffee are consumed in the United States. However, nothing beats a perfect cup of Ethiopian coffee. Yirgacheffe coffee from Ethiopia is one of the most popular coffees in the world. It's a great beverage because of its light body and tasty aromas.
As the article Specialty Coffee Shops Market During 2020-2024 articulates the specialty coffee shops market is segmented depending on the type and geographic distribution. Based on geographic segmentation, 42% of the market's growth is expected to originate from North America during the forecast period. Similarly, the independent coffee shops segment is expected to lead the growth of the market during 2020-2024.
Sinopia took part at Gulfood for the third time. The first was Gulfood 2019 and the second was Gulfood 2020, where we had the opportunity to meet, share, and explore the entire food and beverage industry.
The coffee industry was quieter this week than it had been in the previous few weeks. Although not much happened, there was news that sparked our attention. The art of adding salt to our cup of coffee is also an Ethiopian tradition that is still practiced in the southern part of the country and is now being adopted also in Addis Ababa. Knowing that salt brings out the sweetness of coffee and keeps fun aromas even for those who are susceptible to bitterness, it's a decent alternative to using milk and sugar.